Regarding Demat Shares

Hello Sir Your query must dealt according to the section 8 of hindu succession act. The property can be claimed by the daughters and wife of B as it was his inherited property and they are the legal heir surviving after him. In case of demat account the nominee is the entity to whom the assets contained in the demat account are transmitted in the event of the death of the demat account holder. However, this transmission is not automatic and one needs to follow the due process to transfer shares from demat to another. Thanks Please rate if you find this advice helpful

Dear Sir, Section 8 of Hindu Succession Act: ==================================================================== General rules of succession in the case of males.―The property of a male Hindu dying intestate shall devolve according to the provisions of this Chapter:― (a) firstly, upon the heirs, being the relatives specified in class I of the Schedule; CLASS I Son; daughter; widow; mother; son of a pre-deceased son; daughter of a pre-deceased son; son of a pre-deceased daughter; daughter of a pre-deceased daughter; widow of a pre-deceased son; son of a pre-deceased son of a pre-deceased son; daughter of a pre-deceased son of a pre-deceased son; widow of a pre-deceased son of a pre-deceased son. Please give me rank after viewing my details. Please call me for further assistance.

My answer to your question is under the assumption that both both A and B are governed by Hindu succession Act,1956. 1.With respect to properties inherited by B from his father would become ancestral property, as his brother's wife and daughters would take the entire property. 2.If any of the property left behind is self acquired property, younger brothers daughters are entitled to inherit the same, As they become legal heirs of the deceased under Hindu succession Act,1956 section 8(b) read with Class II entry 4 of the Schedule.