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of <h1>SEBI Directs RTAs to Transfer Securities to Surviving Joint Holders Per Companies Act Rules; Check Clause 23 and Section 56.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to listed companies and registered Registrars to an Issue & Share Transfer Agents (RTAs) regarding the transmission of securities to surviving joint holders. The circular mandates compliance with the Companies Act 2013, specifically clause 23 of Table F in schedule 1, and sections 56(2) and 56(4)(c). In cases of a deceased joint holder, RTAs must transmit securities to surviving holders unless contradicted by the company's Articles of Association. This directive is issued under SEBI's authority to protect investors and regulate the securities market.
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