Sebi allows easier transfer of shares of dead investors

MUMBAI: The board of Sebi on Friday decided to make it easier for transfer of securities that are in the name of deceased investors to the legal heirs and claimants by simplifying and standardising the process. It also created a new category of claimants where the value of securities is not more than Rs 10,000 per scrip for those in physical form and not above Rs 30,000 held in demat.

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