What's New :
Political Science Optional Foundation 2024 - Batch Starts: 21st February
Law Optional Foundation 2024, Batch Starts: 24th February
Public Administration Optional Foundation 2024, Batch Starts: 22th February
Sociology Optional Foundation 2024, Batch Starts: 22th February
Anthropology Optional Foundation 2024, Batch Starts: 22th February
History Optional Foundation 2024, Batch Starts: 22th February
Geography Foundation 2024, Batch Starts: 22th February

SEBI amends rules to simplify procedure for transmission of securities

  • Published
    28th Apr, 2022
Context

SEBI has revised the existing threshold limit for simplified documents to Rs 5 lakh from Rs 2 lakh currently for securities held in physical mode per listed issuer.

About

Implications of the amendments:

  • It aims to simplify the procedure for transmission of securities. 
  • Also, the threshold in this regard for securities held in the dematerialised mode for each beneficiary account has been increased to Rs 15 lakh from the present level of Rs 5 lakh. 
  • Legal heirship certificate or its equivalent certificate issued by competent government authority will be an acceptable document for transmission of securities.
  • The objective is to ensure that uniform processes are followed by the Registrars to an Issue and Share Transfer Agents (RTAs) / listed companies, which would further ease the transmission process for investors.
  • To effect this, the capital markets regulator has amended SEBI's Listing Obligations and Disclosure Requirements or LODR Regulations.

Securities and Exchange Board of India (SEBI)

  • SEBI is a statutory regulatory body entrusted with the responsibility to regulate the Indian capital markets.
  • It monitors and regulates the securities market and protects the interests of the investors by enforcing certain rules and regulations.
  • SEBI was founded on April 12, 1992, under the SEBI Act, 1992.
  • Headquartered in Mumbai, India, SEBI has regional offices in New Delhi, Chennai, Kolkata and Ahmedabad along with other local regional offices across prominent cities in India.
X

Verifying, please be patient.

Enquire Now