pc
nid 94219
Jul 24, 2026
pthandapani@vixio.com
India
Securities and Exchange Board of India
financial services
113% of draft length
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1520 charsIndia's Securities and Exchange Board Simplifies Framework for Transmission of Securities
On July 23, 2026, the Securities and Exchange Board of India (SEBI) issued Circular No. HO/38/13/11(14)2026-MIRSD-POD/I/17111/2026 to simplify and standardise the framework governing the transmission of securities.
The circular addresses the ease of doing investment and ease of doing business by establishing uniform procedures and requirements for securities transmission. This development aims to reduce administrative complexity and streamline processes for market participants, including investors, brokers, depository participants, and other intermediaries involved in the transfer of securities ownership. By standardising the transmission framework, SEBI seeks to enhance operational efficiency and reduce compliance burdens across India's securities market.
The standardised framework applies to all entities engaged in securities transmission activities, including individuals, institutions, and market intermediaries. The simplification is expected to facilitate faster processing of transmission requests, reduce documentation requirements, and create consistency in how transmission procedures are executed across different market participants and depositories.
Market participants should review the circular to understand the updated requirements and implement necessary changes to their internal processes and systems to ensure compliance with the new standardised framework.
**Reference:**
Securities and Exchange Board of India Circular No. HO/38/13/11(14)2026-MIRSD-POD/I/17111/2026 (July 23, 2026)
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1724 charsSecurities and Exchange Board of India Simplifies Framework for Transmission of Securities
On July 23, 2026, the Securities and Exchange Board of India (SEBI) issued the Circular on Ease of Doing Investment and Ease of Doing Business - Simplification and standardisation of the framework for transmission of securities.
The issued circular contains:
Administrative measures detailing a harmonised and risk-based process for the transmission of securities, introducing a new "Quick Transmission Processing" (QTP) category for low-value claims by immediate relatives with thresholds of INR1m (US$10,358) for physical securities and INR3m (US$31,074) for dematerialised securities.
Specific rules mandating the standardisation of documentation requirements, which removes the mandatory requirement for a Probate of Will and introduces a combined affidavit-cum-No Objection Certificate (NOC) in place of separate documents.
Regulations prescribing a mandatory timeline requiring processing entities to settle transmission cases within a period not exceeding 21 calendar days from the receipt of all required documents, alongside accepting QR-coded death certificates and specific alternative verifications for overseas deaths.
Provisions outlining the duty of processing entities, including listed companies, RTAs, and Depositories, to submit standardized monthly reports to SEBI for a period of six months detailing the status of transmission requests processed under the revised framework.
Directives establishing that processing entities must utilize standardized formats for receiving claims, make these forms available on their websites, and ensure that any requests for additional documents beyond SEBI's prescribed list are consistent and recorded in writing.
The circular takes effect on August 22, 2026.