Transfer of shares to heirs now made easy

The Securities and Exchange Board of India (SEBI) has approved key reforms to improve the efficiency of India's capital markets and strengthen investor protection. At its 214th Board Meeting in Mumbai, SEBI decided to simplify the process of transferring shares and securities of deceased investors to their legal heirs.

The regulator said the revised framework will remove administrative hurdles, reduce delays, and enable faster transfer of securities. SEBI believes the simplified process will improve investor confidence and make India's capital markets more transparent and investor-friendly.