Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2024. - G.S.R. 552(E) - Companies Law
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Transmission of securities: legal heir certificates allowed with indemnity bond and NOC, plus prescribed valuation method. Rules substitute 'securities' for 'shares'; allow a legal heir certificate issued by a Tahsildar as alternative evidence; require notarised indemnity bonds and notarised no objection certificates from non claimants when legal heir certificates are used; prescribe valuation for listed securities by prior day closing price and for unlisted by higher of face or maturity value; raise the Part B monetary threshold; permit notarised/apostilled self declarations for foreign nationals with passport and address proof; and require contingency insurance for verification report claims.
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: legal heir certificates allowed with indemnity bond and NOC, plus prescribed valuation method.
Rules substitute "securities" for "shares"; allow a legal heir certificate issued by a Tahsildar as alternative evidence; require notarised indemnity bonds and notarised no objection certificates from non claimants when legal heir certificates are used; prescribe valuation for listed securities by prior day closing price and for unlisted by higher of face or maturity value; raise the Part B monetary threshold; permit notarised/apostilled self declarations for foreign nationals with passport and address proof; and require contingency insurance for verification report claims.
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