SEBI has proposed reforms to make easier access to inherited investments for families.
The challenge is that the transmission process for shares, mutual funds, and other securities can often involve extensive paperwork, multiple documents, and lengthy verification procedures.
To address this, SEBI has approved a series of reforms that aim to make the process simpler and faster for legal heirs and claimants.
What is changing?
One of the biggest changes is the introduction of Quick Transmission Processing (QTP) for small-value claims.
In this framework, claims of up to ₹10,000 for physical holdings and up to ₹30,000 for dematerialised holdings can be processed with minimal documentation.
The idea is to help families access smaller investments without having to go through an elaborate process.
SEBI has also increased the limits for cases that can benefit from simplified documentation:
- For physical holdings, the limit has been increased from ₹5 lakh to ₹10 lakh per listed company.
- For demat holdings, the limit has been increased from ₹15 lakh to ₹30 lakh per beneficial owner.
The regulator has also approved several documentation-related relaxations:
- PAN submission will no longer be required for transmission requests.
- The mandatory requirement of Probate of Will has been removed.
- A combined affidavit-cum-NOC can be submitted instead of separate documents.
- Death certificates containing QR codes will be accepted for verification.
- Additional verification options have been introduced for death certificates issued outside India.
Why does this matter to you?
Less paperwork for your family
One of the biggest hurdles during transmission is documentation. By reducing paperwork requirements, SEBI aims to make the process less stressful for families during a difficult time.
Faster access to investments
The new Quick Transmission Processing framework could help eligible claimants receive smaller holdings more quickly, without getting stuck in lengthy procedures.
More claims may qualify for a simplified process
Since the limits for simplified documentation have been doubled, a larger number of transmission requests could now be processed through a streamlined route.
Easier handling of overseas cases
If family members are dealing with death certificates issued outside India, the new verification options could make the process more practical and efficient.
Summary
SEBI’s proposed changes are aimed at making the transmission of securities faster, simpler, and less documentation-intensive for legal heirs and claimants.
If implemented as proposed, these reforms could make it easier for your loved ones to access inherited investments when they need them.
Source: SEBI Board Meeting dated 19-June-2026 – Key decisions taken by the SEBI Board.
