Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2024.

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....rules may be called the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2024. (2) These rules shall come into force on the date of their publication in Official Gazette. 2. In the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (hereinafter referred to as the said rules), in Schedule II,- (1) for the word "shares", wherever it occurs, the word "securities", shall be substituted; (2) In Part A,- (i) in item 2,- (a) in sub-item 2.2, in clause (a), after the word "Tribunal", the words "or legal heir certificate issued by the revenue authority not below the rank of Tahsildar having jurisdiction" shall b....

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....urity value of the security, whichever is more."; (ii) in item 4,- (a) in sub-item 4.2, after the word "Tribunal", the words "or legal heir certificate issued by the revenue authority not below the rank of Tahsildar having jurisdiction" shall be inserted; (b) in sub-item 4.3, after the word "Tribunal", the words "or legal heir certificate issued by the revenue authority not below the rank of Tahsildar having jurisdiction" shall be inserted; (c) in the "Explanation", for clause (2), the following clauses shall be substituted, namely:- "(2) In cases where a copy of Will is submitted as may be applicable in terms of the Indian Succession Act,1925 (39 of 1925), the same shall be accompanied with a notarise....

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....erted; (b) in sub-item 2.3, after the word "Tribunal", the words "or legal heir certificate issued by the revenue authority not below the rank of Tahsildar having jurisdiction" shall be inserted; (c) in the "Explanation", for clause (2), the following clauses shall be substituted, namely:- "(2) In cases where a copy of Will is submitted as may be applicable in terms of the Indian Succession Act, 1925 (39 of 1925), the same shall be accompanied with a notarised indemnity bond from the claimant to whom the securities are transmitted. (3) In cases where a copy of legal heir certificate issued by the revenue authority not below the rank of Tahsildar having jurisdiction is submitted, the same shall be accompan....

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.... bond from the claimant to whom the securities are transmitted. (3) In cases where a copy of legal heir certificate issued by the revenue authority not below the rank of Tahsildar having jurisdiction is submitted, the same shall be accompanied with: (a) a notarised indemnity bond from the legal heir or claimant to whom the securities are transmitted; (b) a no objection certificate from all non-claimants, stating that they have relinquished their rights to the claim for transmission of securities, duly attested by a notary public or by a gazetted officer. (4) The value of the securities as on the date of application shall be quantified by the applicant on the basis of the closing price of such securities a....