Sebi proposes standard code for smooth transfer of securities to legal heirs

Sebi proposes standard code for smooth transfer of securities to legal heirs

Sebi proposes standard code for smooth transfer of securities to legal heirs

Sebi paper proposes standardised code for smooth transfer of securities to legal heirs

New Delhi: Capital markets regulator Sebi on Tuesday proposed the introduction of a standard reason code to streamline the transfer of securities from nominees to legal heirs and ensure appropriate tax treatment for such transactions. In a consultation paper, Sebi suggested introducing a specific reason code ‘TLH’ (Transmission to Legal Heirs) to be used by registrars, depositories and other reporting entities while intimating the Central Board …

SEBI Proposes Standard Code For Smooth Transfer Of Securities To Legal Heirs

Capital markets regulator Securities And Exchange Board of India on Tuesday proposed the introduction of a standard reason code to streamline the transfer of securities from nominees to legal heirs and ensure appropriate tax treatment for such transactions.In a consultation paper, SEBI suggested introducing a specific reason code 'TLH' (Transmission to Legal Heirs) to be used by registrars, depositories and other reporting entities while intimat…