{"id":267085,"date":"2022-05-19T11:30:27","date_gmt":"2022-05-19T06:00:27","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=267085"},"modified":"2022-05-19T11:42:31","modified_gmt":"2022-05-19T06:12:31","slug":"simplification-of-procedure-and-standardization-of-formats-of-documents-for-transmission-of-securities","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/05\/19\/simplification-of-procedure-and-standardization-of-formats-of-documents-for-transmission-of-securities\/","title":{"rendered":"SEBI issues circular on simplification of procedure and standardization of formats of documents for transmission of securities"},"content":{"rendered":"
On May 18, 2022, SEBI has issued a circular on simplification of procedure and standardization of formats of documents for transmission of securities pursuant to the LODR Amendment Regulations which has enhanced the monetary limits for simplified documentation for transmission of securities, allowed \u2018Legal Heirship Certificate or equivalent certificate\u2019 as one of the acceptable documents for transmission and provided clarification regarding acceptability of Will as one of the valid documents for transmission of securities.<\/div>\n
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\n
For ease of reference, a ready reckoner listing out the documents required for transmission of securities, in case of demise of the sole holder, is provided in Annexure\u2013A<\/a> to this Circular. The Operational Guidelines for processing investor\u2019s service request for the purpose of transmission of securities are provided in Annexure \u2013 B<\/a> to this Circular.<\/div>\n<\/div>\n
<\/div>\n
\n
Revised documentation requirements in case of transmission of securities are specified below<\/strong> :<\/div>\n<\/div>\n
\n
<\/div>\n
    \n
  • Where the securities are held in a single name with a nomination, nominee shall be informed about the procedure to be followed for the claim on the receipt of the intimation of death of the security holder.<\/li>\n
  • Where the securities are held in single name with a nomination, the following documents shall be submitted:<\/li>\n<\/ul>\n
      \n
    1. \n
        \n
      1. duly signed transmission request form by the nominee;<\/li>\n
      2. original death certificate or copy of death certificate attested by the nominee subject to verification with the original or copy of death certificate duly attested by a notary public or by a gazetted officer;<\/li>\n
      3. self – attested copy of the Permanent Account Number card of the nominee, issued by the Income Tax Department.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n
          \n
        • Where the securities are held in single name without nomination, the following documents shall be submitted:<\/li>\n<\/ul>\n<\/div>\n
            \n
          1. \n
              \n
            1. duly signed transmission request form by the legal heir(s)\/claimant(s);<\/li>\n
            2. original death certificate or copy of death certificate attested by the legal heir(s)\/claimant(s) subject to verification with the original or copy of death certificate duly attested by a notary public or by a gazetted officer;<\/li>\n
            3. self-attested copy of the Permanent Account Number card of the legal heir(s)\/claimant(s), issued by the Income Tax Department;<\/li>\n
            4. a notarized affidavit from all legal heir(s) made on non – judicial stamp paper of appropriate value, to the effect of identification and claim of legal ownership to the securities. However, in case the legal heir(s)\/claimant(s) are named in any of the documents for transmission of securities as mentioned in serial number 7 in Annexure\u2013A to this Circular, an affidavit from such legal heir(s)\/claimant(s) alone sh all be sufficient;<\/li>\n
            5. a copy of other requisite documents for transmission of securities as may be applicable, attested by the legal heir(s)\/claimant(s) subject to verification with the original or duly attested by a notary public or by a gazetted officer:<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n
              \n
              \n
                \n
              • In cases where a copy of Will is submitted as may be applicable in terms of Indian Succession Act,1925 (39 of 1925) the same shall be accompanied with a notarized indemnity bond from the claimant (appropriate beneficiary of the Will) to whom the securities are transmitted.<\/li>\n
              • In cases where a copy of Legal Heirship Certificate or its equivalent certificate issued by a competent Government Authority is submitted, the same shall be accompanied with:<\/li>\n<\/ul>\n
                  \n
                1. \n
                    \n
                  1. a notarized indemnity bond from the legal heir(s) \/claimant(s) to whom the securities are transmitted;<\/li>\n
                  2. No Objection from all non-claimants (remaining legal heirs), stating that they have relinquished their rights to the claim for transmission of securities, duly attested by a notary public or by a gazetted officer.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n
                    <\/div>\n
                      \n
                    • For value of securities up to rupees five lakhs per listed entity in case of securities held in physical mode, and up to rupees fifteen lakhs per beneficial owner in case of securities held in dematerialized mode, as on date of application by the claimant, and where the documents mentioned in serial number 9 in Annexure\u2013A, are not available, the legal heir(s) \/claimant(s) may submit the following documents:<\/li>\n<\/ul>\n
                        \n
                      1. \n
                          \n
                        1. a notarized indemnity bond made on non-judicial stamp paper of appropriate value in the format provided in Annexure \u2013 E to this Circular, indemnifying the Share Transfer Agent\/ listed entity:<\/li>\n
                        2. no objection certificate from all legal heir(s) stating that they do not object to such transmission or copy of family settlement deed executed by all the legal heirs, duly attested by a notary public or by a gazetted officer; and<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

                          The listed entity may, at its discretion, enhance the value of securities from the threshold limit of rupees five lakhs, in case of securities held in physical mode.<\/p>\n

                          <\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

                          On May 18, 2022, SEBI has issued a circular on simplification of procedure and standardization of formats of documents for transmission of <\/p>\n","protected":false},"author":8808,"featured_media":264666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-267085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"\nSEBI issues circular on simplification of procedure and standardization of formats of documents for transmission of securities | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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India with a view to make the process of transmission of securities more efficient and investor friendly, had issued a circular no. CIR\/MIRSD\/10\/2013 dated October 28, 2013. Pursuant to various investors requests and complaints from the investors with regard to the clarification of certain points\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":267408,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/05\/26\/sebi-issues-circular-on-simplification-of-procedure-and-standardization-of-formats-of-documents-for-issuance-of-duplicate-securities-certificates\/","url_meta":{"origin":267085,"position":1},"title":"SEBI issues circular on simplification of procedure and standardization of formats of documents for issuance of duplicate securities certificates","author":"Bhumika Indulia","date":"May 26, 2022","format":false,"excerpt":"On May 25, 2022, SEBI has issued a circular for simplification of procedure and standardization of formats of documents for issuance of duplicate securities certificates. Key points: Submission by the security holder of copy of FIR including e-FIR\/Police complaint\/Court injunction order\/copy of plaint (where the suit filed has been accepted\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":267806,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/06\/02\/legislations-monthly-roundup-may-2022\/","url_meta":{"origin":267085,"position":2},"title":"Legislations | Monthly RoundUp [May, 2022]","author":"Bhumika Indulia","date":"June 2, 2022","format":false,"excerpt":"Legal Round Up for the month of May is mentioned below: \u00a0 MINISTRY OF CORPORATE AFFAIRS Companies (Share Capital and Debentures) Amendment Rules 2022 The Central Government has notified Companies (Share Capital and Debentures) Amendment Rules 2022 to amend the Companies (Share Capital and Debenture) Rules, 2014. The amendment has\u2026","rel":"","context":"In "Legal RoundUp"","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-134.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-134.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-134.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-134.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-134.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":255799,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/19\/sebi-issues-circular-on-transmission-of-securities-to-joint-holders\/","url_meta":{"origin":267085,"position":3},"title":"SEBI issues circular on transmission of securities to joint holders","author":"Bhumika Indulia","date":"October 19, 2021","format":false,"excerpt":"While noting some cases where due to counterclaim \/ dispute from the legal representative of one of the deceased holder, the RTAs have not effected transmission to the surviving joint holder(s), the SEBI has issued a circular advising RTAs to comply with the provisions of the Companies Act, 2013 and\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":223610,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/26\/investment-in-units-of-mutual-funds-in-the-name-of-minor-through-guardian-and-ease-of-process-for-transmission-of-units\/","url_meta":{"origin":267085,"position":4},"title":"Investment in units of Mutual Funds in the name of minor through guardian and ease of process for transmission of units","author":"Bhumika Indulia","date":"December 26, 2019","format":false,"excerpt":"In order to bring about uniform processes across Asset Management Companies (AMCs) in respect of investments made in the name of a minor through a guardian and to enable the efficient transmission of units the following has been decided: 1. Process for Investments made in the name of a Minor\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":361003,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/09\/22\/nominee-to-legal-heir-sebi-tlh-code-smooth-transmission-of-securities-legal-compliance\/","url_meta":{"origin":267085,"position":5},"title":"Nominee to Legal Heir Made Easy: SEBI\u2019s New Framework for Seamless Securities Transmission","author":"Shubhi","date":"September 22, 2025","format":false,"excerpt":"Effective January 1, 2026, SEBI introduces TLH code to eliminate tax hurdles and ease succession.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Smooth Transmission of Securities","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Smooth-Transmission-of-Securities.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Smooth-Transmission-of-Securities.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Smooth-Transmission-of-Securities.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Smooth-Transmission-of-Securities.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/267085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=267085"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/267085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/264666"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=267085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=267085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=267085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}