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The Securities and Exchange Board of India has eased the process oftransmission of securities to the Legal heirs/ nominees after thesecurity holder’s death. Along with standardization has beenintroduced in the documentation formats.
“Transmission” of securities only occurs after the demise of the soleholder of the security; the next legal heir/ nominee or anyone lessnamed in the will receive his securities. It differs from the transfer ofsecurities.
SEBI simplifies transmission process
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