SEBI, the regulator of the stock market, has taken a step that will greatly benefit the investors. From now on, it will be easy for the legal heir or nominee of a deceased investor to transfer the securities to his/her name. This will facilitate the process of filing a claim and there would be no requirement of running here and there. In addition, SEBI has also framed a Code of Conduct for its board members.

In the SEBI meeting, a new category named Quick Transmission Processing (QTP) has been added to handle small claims. According to QTP, claims below ₹10,000 on physical securities and below ₹30,000 on dematerialized securities will be handled easily.

Moreover, SEBI has raised the limits for transfer with simplified documentation. In physical form, it has been increased from ₹5 lakh to ₹10 lakh while in dematerialized form, the limit has been raised from ₹15 lakh to ₹30 lakh per beneficial owner account per listed company.

The regulator has introduced several significant changes to streamline the process. The mandatory requirement to submit a PAN card at the time of making a claim has been eliminated. SEBI holds the view that PAN details are already available from the time the Demat account was opened. In light of recent changes to succession laws, the mandatory requirement to obtain probate of a will has been waived.

Claimants will no longer be required to submit separate affidavits and No Objection Certificates (NOCs); instead, a single combined 'affidavit-cum-NOC' may be submitted. To facilitate verification, copies of death certificates featuring QR codes will also be accepted. A mechanism has been established to verify death certificates issued abroad through the overseas branches of Indian banks or their partner foreign banks. This measure will save both time and money for the claimants.

SEBI has amended the rules governing its employees and board members to prevent conflicts of interest. Amendments to the SEBI (Employees' Service) Regulations, 2001 (ESR) have been approved for this purpose. This move follows recommendations made by a High-Level Committee (HLC), which were approved-with certain modifications-by the SEBI Board during its meeting on March 23, 2026. The new code of conduct and the amended regulations will be available on the SEBI website shortly after their publication in the Official Gazette.