TaxTMI 
TaxTMI 
Transfer and transmission of securities [See regulation 40(7) and 61(4)]
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.... in PAN card details as well as difference in maiden name and current name, in case of married women, of the holder(s) of securities, the listed entity may collect the PAN card as submitted by the transferee(s) or transferor(s) as the case maybe: Provided that this shall be subject to the listed entity verifying the veracity of the claim of such transferee(s) or transferor(s) by collecting sufficient documentary evidence in support of the identity of the transferee(s) or transferor(s). B. DIFFERENCES IN SIGNATURE (1) In case of minor differences in the signature of the transferor(s), the listed entity shall follow the following procedure for registering transfer of securities: (a) the listed entity shall promptly send to t....
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.... (i) an Affidavit to update transferor(s) signature in its records; (ii) an original unsigned cancelled cheque and banker's attestation of the transferor(s) signature and address); (iii) contact details of the transferor(s) and ; (d) If the intimation to both the transferor(s) and the transferee(s) are delivered, requested documents of the transferor(s) are submitted to the listed entity and the address attested by the bank tallies with the address available in the database of listed entity, the listed entity, shall transfer the securities provided the listed entity does not suspect fraud or forgery in the matter: ^6[****] ^8[****] ************** NOTES:- 1. Omitted by....
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....n rupees two lakh, per listed entity, as on date of application, succession certificate or probate of will or letter of administration or court decree shall be submitted; (iii) the listed entity however, at its discretion, may enhance value of securities, threshold limit, of rupees two lakh." 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/80 dated 25-04-2022 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/80 dated 25-04-2022 before it was read as, "C. ADITIONAL DOCUMENTATION REQUIREMENTS IN CASE OF TRANSMISSION OF SECURITIES (1) In case of transmission of securities held in dematerialized mode, where the securities are held in a single name w....
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....of such documents, the following documents may be submitted: 1. no objection certificate from all legal heir(s) who do not object to such transmission or copy of family settlement deed duly notarized and executed by all the legal heirs of the deceased holder; 2. an indemnity bond made on appropriate non judicial stamp paper, indemnifying the Share Transfer Agent / listed entity; (ii) for value of securities, more than rupees two lakh, per listed entity, as on date of application, a succession certificate or probate of will or will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925 shall be submitted; (iii) the listed entity however, at its discretion,....
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....re the securities are held in single name without nomination, the following documents shall be submitted: (a) a notarized affidavit from all legal heir(s) made on non-judicial stamp paper of appropriate value, to the effect of identification and claim of legal ownership to the securities: Provided that in case the legal heir(s)/claimant(s) are named in the Succession Certificate or Probate of Will or Will or Letter of Administration as may be applicable in terms of Indian Succession Act, 1925 (39 of 1925) or Legal Heirship Certificate or its equivalent certificate issued by a competent Government Authority, an affidavit from such legal heir(s)/claimant(s) alone shall be sufficient; (b) duly signed transmissio....