SEBI simplifies transmission process

The Securities and Exchange Board of India has eased the process of
transmission of securities to the Legal heirs/ nominees after the
security holder’s death. Along with standardization has been
introduced in the documentation formats.

“Transmission” of securities only occurs after the demise of the sole
holder of the security; the next legal heir/ nominee or anyone less
named in the will receive his securities. It differs from the transfer of
securities.