Sebi to ease transmission process after investor's demise
Sebi is proposing easier ways for legal heirs to claim securities. The regulator wants to simplify paperwork and procedures when an investor passes away. Higher limits for simplified documentation are suggested. Straight-through processing will be...
By ET Bureau |
Agencies
"To keep up with this and as a measure to ease restitution of assets to survivors of deceased investors, the limits for availing simplified documentation for transmission are proposed to be revised."
MUMBAI: Sebi on Thursday proposed to simplify the documentation and procedures for transmission of securities after the death of an investor. It has also suggested raising the threshold limits for simplified documentation and introducing straight-through processing for small claims to make it easier for legal heirs to claim securities.
"The existing limits for simplified documentation were set in time and there is a dire need to review the current limits given the exponential growth of the securities market and increased asset prices," Sebi said.
"To keep up with this and as a measure to ease restitution of assets to survivors of deceased investors, the limits for availing simplified documentation for transmission are proposed to be revised."
"The existing limits for simplified documentation were set in time and there is a dire need to review the current limits given the exponential growth of the securities market and increased asset prices," Sebi said.
"To keep up with this and as a measure to ease restitution of assets to survivors of deceased investors, the limits for availing simplified documentation for transmission are proposed to be revised."
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