SEBI Hub / Currentness / Transmission
Official record: SEBI Circular No. HO/38/13/11(14)2026-MIRSD-POD/I/17111/2026 dated 23 July 2026. The implementation date used in this guide is 22 August 2026, calculated from the 30-day transition stated for the framework. Verify the signed circular PDF and intermediary implementation before a live case.
Decision in 2 minutes
Threshold matrix
| Route | Physical securities | Demat securities | Control |
|---|---|---|---|
| Quasi-transmission / small-value route | Up to ₹10,000 | Up to ₹30,000 | Confirm instrument wording and aggregate valuation method. |
| Simplified documentation route | Up to ₹10 lakh | Up to ₹30 lakh | Use prescribed documents/forms; check objections and claimant category. |
| Above simplified threshold | Case-specific succession evidence | Case-specific succession evidence | Legal-heir, probate, succession-certificate or other evidence depends on facts and applicable law. |
Thresholds are operational guide markers. Reconcile valuation date, aggregate holdings, securities type and exact signed circular text.
Transmission workflow
- Freeze the event date. Establish date of death, date of request and whether the pre- or post-22 August process applies.
- Identify the holding architecture. Physical certificate, demat account, single/joint holding, nominee, legal heir and RTA/DP jurisdiction.
- Value the holding. Apply the circular’s valuation method and threshold by holding mode; do not mix unrelated folios without checking the aggregation rule.
- Build the document pack. Death certificate, identity/address evidence, claimant declaration, affidavit-cum-NOC or succession evidence, indemnity and prescribed form as applicable.
- Record exceptions. Dispute, competing heirs, court restraint, mismatch, pledged/frozen securities, missing certificate, name variation or corporate-action history.
- Track the 21-calendar-day control. Record receipt, deficiency communication, cure date, approval/rejection and completion evidence.
- Close the evidence file. Preserve RTA/DP acknowledgement, communication trail, verification output and updated holding statement.
Document-control matrix
| Evidence | Why needed | Red-flag test |
|---|---|---|
| Death certificate / QR-verifiable record | Proves the triggering event | Issuer, date, identity mismatch or unverifiable record |
| Claimant KYC and relationship evidence | Identifies person seeking transmission | Name, address, PAN, signature or relationship inconsistency |
| Nomination / joint-holding record | Determines operational route | Nomination is not automatically final beneficial title in every dispute |
| Affidavit-cum-NOC / indemnity | Supports simplified uncontested route | Competing claim, minor heir, objection or suspected fraud |
| Succession / probate / court material | Supports higher-value or disputed route where applicable | Jurisdiction, finality, asset description or later order |
Source boundary: the official SEBI landing page and circular number are verified. The exact attached PDF should be downloaded, hashed and retained in the Finin2min source archive before this page is represented as paragraph-level source-closed.
Finin2min Q&A
Is nomination the same as final inheritance?
Not necessarily. Nomination often facilitates operational transmission, while beneficial ownership can remain subject to succession law and disputes.
Does the 21-day period excuse an incomplete application?
No. Maintain a clear deficiency and cure-date trail; calculate the service period using the exact circular and intermediary process.
Can a consultation paper change this workflow?
No. Only an operative final instrument and its effective date should change the compliance workflow.