The Ministry of Corporate Affairs vide circular dated the 9th November, 2021 has issued the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2021. The amendment provides that to reduce the compliance burden related to filing of supporting documents such as succession certificate/will/letter of administration or Decree etc. to effect transmission of securities held in physical / DEMAT mode, the threshold value of the securities per issuer company requiring such filings is increased to Rs 5 Lakhs from Rs. 2 Lakhs. Upon loss of securities held in physical mode, self-attested copy of FIR containing the prescribed information shall be submitted as proof.
