Easily transfer securities to a legal heir from a nominee! Learn about SEBI's recent changes in capital gains - Find the specifics here.
Headline: SEBI Simplifies Securities Transfer Process, Announces Reforms on September 19, 2025
India's securities market regulator, the Securities and Exchange Board of India (SEBI), announced a significant change on Friday, September 19, 2025. The reforms are aimed at easing compliance and reducing confusion in the process of transferring securities from nominees to legal heirs.
The announcement, made by SEBI, could mark a significant step towards streamlining the securities transfer process. The simplification is intended to make the process more straightforward and less confusing for all parties involved.
According to the announcement, the change pertains to the stock market. The simplification is expected to bring about a more efficient and smooth transfer of securities from nominees to legal heirs.
The Association of Mutual Funds in India (AMFI) hailed the reforms announced by SEBI as 'progressive and well-calibrated'. AMFI, which represents the mutual fund industry in India, praised SEBI for its efforts to make the stock market today more straightforward.
The change by SEBI comes at a time when India's foreign exchange reserves have crossed USD 702 billion, close to a record peak. The strong foreign exchange reserves reflect the health of the Indian economy and the confidence of investors in the stock market.
Meanwhile, the Adani Group, one of India's leading business conglomerates, has seen a market cap gain of over Rs 69k crore in a single day. The reasons for the sharp stocks rally are not specified in the text, but the Adani Group's strong performance indicates a positive trend in the Indian stock market.
Elsewhere, the Ministry of External Affairs (MEA) has issued an advisory on Indians being lured to Iran with fake job offers. The advisory warns Indians to exercise caution when considering job offers from Iran and to verify the authenticity of the offers before travelling.
In other business news, HUDCO signed an MoU with NBCC for multi-city construction projects. The MoU aims to leverage the expertise of both organisations to deliver high-quality construction projects across multiple cities in India.
It's worth noting that Saturday, September 20, 2025, is a bank holiday in India. The ongoing import restrictions on a specific chemical in India will remain in place till September 2026.
Despite these developments, the Central Board of Direct Taxes (CBDT) is not directly mentioned in the context of the news. The name of the Chairman of SEBI who initiated the simplification of securities transfer from nominative to successors on Friday, September 19, 2025, is not available in the provided search results.
Stay tuned to ET Now for the latest updates on these developments and more stock market news.
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