SEBI (Securities and Exchange Board of India) has released a detailed notification, announcing crucial changes, including simplification of the procedure for transmission of securities. The Board has also standardized the formats of documents required for transmission of securities in order to further simplify the process for the Registrars to an Issue and Share Transfer Agents […]
Category: RTA Team
Individual Affidavits To Be Given By ALL The Legal Heirs
Here is an individual affidavits duly given by all the legal heirs to be named in succession certificate/ probate of will/ will/ letter of administration/ legal heirship certificate(or its equivalent certificate)/court decree* (for transmission of securities on the death of sole holder where no nomination has been registered). Also, understand that each deponent (legal heir)must […]
Transmission of Securities by Nominee or Legal Heir
Here we have explained the basic form structure of the Request for Transmission of Securities by Nominee or Legal Heir by the SEBI to the Registrar and Share Transfer Agent of India. Below one can find the complete steps to file the form as per the compliance. Also, there is a detailed manner under which […]
Procedure for Investors Service Request for Transmission of Securities
The operational rules for the processing of the investor service requests towards the intention of the transmission of the securities are mentioned as:
What are Documents Required for Transmission of Securities
TRANSMISSION OF SECURITIES:- ‘Transmission of Securities’ refers to the process of transferring the ownership of certain securities from the current owner to another person (legal heirs, nominee, joint holder, etc.) in case of death or lunacy of the current owner, or through inheritance or insolvency. Announcement:- As per the SEBI Circular dated May 18, 2022, […]
Details of Complete Form- MGT 7 Annual Return (New Rules)
On March 5, 2021, the MCA (Ministry of Corporate Affairs) issued a Notification via Companies (Management and Administration) Amendment Rules, 2021, Chapter VII of the Companies Act, 2013. The aforesaid rules shall be effective from March 05, 2021, i.e. the same date. In this notification, Rule 11 has been amended i.e. Annual Return in rule 11 […]
