TaxTMI 
TaxTMI 
TaxTMI 
Transfer and transmission of securities [See regulation 40(7) and 61(4)]
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....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 the first transferor(s), vi....
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.... (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[****] 4[C. Documentation requirements in case of transmission of securities. (1) In case of transmission of securities, where the securities are held in single name with nomination, th....
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....lf-attested copy of the Permanent Account Number card of the legal heir(s)/claimant(s), issued by the Income Tax Department; (e) a copy of 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 (39 of 1925) or Legal Heirship Certificate or its equivalent certificate issued by a competent Government Authority, attested by the legal heir(s)/claimant(s) subject to verification with the original or duly attested by a notary public or by a Gazetted Officer: Provided that in a case where a copy of Will or a Legal Heirship Certificate or its equivalent certificate issued by a competent Government Authority is submitted, the same shall be accompa....
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....cal mode.] ************** NOTES:- 1. Omitted by the SEBI (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018, w.e.f. 1.4.2019 (vide Notification dated 30.11.2018). Prior to omission, sub-clause (2) read as follows- "For securities market transactions and/or for off-market or private transactions involving transfer of shares in physical form, the transferee(s) as well as transferor(s) shall furnish copy of PAN card to the listed entity for registration of such transfer of securities." 2. Substituted by SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018, w.e.f. 16.11.2018. Prior to this, the point read as: "(b) where the securities are held in....
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.... nominee, for the purpose of following simplified documentation, as prescribed by the depositories vide bye-laws or operating instructions, as applicable, the threshold limit is rupees five lakhs only per beneficiary owner account. (2) In case of transmission of securities held in physical mode: (a) where the securities are held in single name with a nominee: (i) duly signed transmission request form by the nominee; (ii) original or copy of death certificate duly attested by a notary public or by a gazetted officer; (iii) self attested copy of PAN card of the nominee. 2[(b) where the securities are held in single name without a nominee, an affidavit from all legal heir(s) made on appropriate non judicial stamp paper, to the effe....