Circular regarding transmission of securities to joint holders (dated -18.10.2021) – SEBI.
View PdfCircular regarding transmission of securities to joint holders (dated -18.10.2021) – SEBI.
- It has been observed in some cases that due to counterclaim / dispute from the legal representative of one of the deceased holder, the RTAs have not effected transmission to the surviving joint holder(s).
- In this regard, RTAs are hereby advised to comply with the aforesaid provisions of the Companies Act 2013 and transmit securities in favour of surviving Joint holder(s), in the event of demise of one or more joint holder(s), provided that there is nothing contrary to the same in the Article of Association of the company.
