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Ease of Doing Investment and Ease of Doing Business – Simplification and standardisation of the framework for transmission of securities.

SEBI simplifies and standardizes the framework for transmission of securities.

The Securities and Exchange Board of India (“SEBI”), vide the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2026, notified on July 10, 2026, amended Regulation 40(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”). Pursuant to the said amendment, SEBI has issued a circular No. HO/38/13/11(14)2026-MIRSD-POD/I/17111/2026 dated July 23, 2026, specifying a revised framework for transmission of securities. The revised framework has been introduced to enhance ease of dealing in the securities market and make the transmission process followed by listed companies, Registrar and Transfer Agents (“RTAs”), Depositories, Depository Participants (“DPs”) and Asset Management Companies (“AMCs”) more efficient and investor friendly.

Salient features of the revised framework:

  • SEBI has introduced a harmonised, standardised and risk-based framework for transmission of securities to simplify the process and make it more investor friendly.  

  • The framework provides Three processing categories based on the value of the claim:

 

(a) Quick Transmission Processing (QTP): For very low-value claims up to ₹10,000 for physical securities and ₹30,000 for dematerialised securities, applicable to immediate relatives.

(b) Simplified Documentation: For claims up to ₹10 lakh for physical securities and ₹30 lakh for dematerialised securities, with reduced documentation requirements.

(c) Above Threshold: For claims exceeding the simplified documentation limits, requiring additional succession-related documents.

  • The revised framework standardizes the documentation requirements and procedures for transmission of securities.

  • The revised process reduces documentation requirements, standardises forms and enables online submission/tracking, with transmission claims to be processed within 21 calendar days after receipt of complete documents.

  • Standardized Forms:

  • Transmission Request form-cum-Undertaking on plain paper for claims under QTP category - Annexure-2.

  • Transmission Request Form for claims other than QTP category - Annexure-3.

  • Notarized Indemnity Bond indemnifying the processing entity - Annexure-4.

  • Notarized affidavit-cum-NOC from legal heirs, as applicable, confirming identification and claim of legal ownership to the securities and no objection - Annexure-5.

For more Information, refer to this SEBI Circular -  Ease of Doing Investment and Ease of Doing Business – Simplification and standardisation of the framework for transmission of securities and Annexures at RTA website-https://www.mpms.mufg.com/