TaxTMI 
TaxTMI 
Standardisation and Simplification of Procedures for Transmission of Securities
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....isation and Simplification of Procedures for Transmission of Securities 1. SEBI has reviewed the process being followed by the Share Transfer Agents (STAs) and the Depositories / Issuer companies (in-house STAs) for effecting transmission of securities held in physical as well as dematerialized mode. 2. With a view to make the transmission process more efficient and investor friendly, it has....
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....r companies shall follow the standardized documentary requirement as given in Annexure A. b. where the securities are held in single name without a nominee, the STAs/issuer companies shall follow, in the normal course, the simplified documentation as given in Annexure A, for a threshold limit of ` 2,00,000 (Rupees Two lakh only) per issuer company. However, the Issuer companies, at their ....
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....his regard. 6. The circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets and shall be complied with at the earliest and not later than 45 days from the date of issue of the circular. 7. This cir....
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....ocuments may be sought: a) Affidavit made on appropriate non judicial stamp paper - to the effect of identification and claim of legal ownership to the securities b) For value of securities upto ` 2,00,000 (Rupees Two lakh only) per issuer company as on date of application, one or more of the following documents: i. No objection certificate [NOC] from all legal heir(s) w....