Transmission of securities: simplified documentation and mandated timelines for demat and physical transfers, with nomination publicity required. Standardisation of transmission of securities prescribes revised thresholds for simplified documentation in dematerialised transfers and specifies mandated processing timelines for dematerialised and physical transmissions measured from receipt of prescribed documents. For physical holdings, prescribed standardized documents apply where a nominee exists; where no nominee exists, simplified documentation applies up to a specified issuer-level value and formal succession instruments or court authority are required for higher-value holdings. Registrars must publicize nomination and exchanges and depositories must amend rules; compliance is required within a fixed period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transmission of securities: simplified documentation and mandated timelines for demat and physical transfers, with nomination publicity required.
Standardisation of transmission of securities prescribes revised thresholds for simplified documentation in dematerialised transfers and specifies mandated processing timelines for dematerialised and physical transmissions measured from receipt of prescribed documents. For physical holdings, prescribed standardized documents apply where a nominee exists; where no nominee exists, simplified documentation applies up to a specified issuer-level value and formal succession instruments or court authority are required for higher-value holdings. Registrars must publicize nomination and exchanges and depositories must amend rules; compliance is required within a fixed period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
