Simplification of procedure and standardization of formats of documents for transmission of securities

The SEBI vide circular dated May 18, 2022 has issued measures for Simplification of procedure and standardization of formats of documents for transmission of securities. It is clarified that for transmission of securities, where the securities are held in single name with a nomination, the following documents shall be submitted:

1. Duly signed transmission request form by the nominee;
2. Original death certificate or copy of death certificate attested by the nominee subject to verification with the original or copy of death certificate duly attested by a notary public or by a gazetted officer;
3. Self-attested copy of the Permanent Account Number card of the nominee, issued by the Income Tax Department.

Where the securities are held in single name without nomination, the following documents shall be submitted:

1. Duly signed transmission request form by the legal heir(s)/claimant(s);
2. Original death certificate or copy of death certificate attested by the legal heir(s)/claimant(s) subject to verification with the original or copy of death certificate duly attested by a notary public or by a gazetted officer;
3. Self-attested copy of the Permanent Account Number card of the legal heir(s)/claimant(s), issued by the Income Tax Department;
4. A notarized affidavit.