MCA Includes Legal Heir Certificate as Proof to Register Transmission of Securities Up to Rs 5,00,000
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- By Chetan Kulasri
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- Last Updated on 11 September, 2024
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Notification No. G.S.R 552(E); Dated: 09.09.2024
Govt. has notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2024. An amendment has been made to Schedule II. As per amended norms, the Govt. now includes a legal heir certificate issued by a revenue authority, not below the rank of Tahsildar, having jurisdiction as an additional document to register transmission of securities valued up to Rs 5,00,000 per issuer company. These rules shall be effective from 09.09.2024.
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