Ease of Doing Investment and Ease of Doing Business – Simplification and standardisation of the framework for transmission of securities
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Securities transmission framework introduces risk-based claim categories, standard documentation, streamlined succession evidence, and time-bound processing for investors.
The revised framework classifies transmission claims into Quick Transmission Processing, simplified-documentation claims and above-threshold claims. All claimants must submit the prescribed request form, client master list, verifiable death certificate and applicable security certificate or statement of account. QTP is confined to non-nominated low-value claims by immediate relatives and requires relationship proof. Simplified and above-threshold claims require progressively greater indemnity, consent or succession documentation, subject to exemptions where court-issued succession documents are supplied. Entities must use standard forms, acknowledge and process complete claims within the prescribed period, communicate reasons for delay or rejection, and dematerialise transmitted physical securities.