1. By Notification No. SEBI/LAD-NRO/GN/2026/312 dated July 10, 2026, SEBI notified the LODR (Second Amendment) Regulations, 2026, amending the LODR Regulations, 2015. Regulation 40(7) was substituted to require listed entities to comply with all provisions specified by the Board from time to time regarding transfer and transmission of securities; Regulation 61(4) was amended to refer to provisions specified by the Board from time to time in place of Schedule VII; and clause (c) of Schedule VII was omitted.
2. By Notice No. 20260722-7 dated July 22, 2026, BSE Limited circulated this Notification to all listed companies, stating it comes into force on publication in the Official Gazette, and requested compliance.
3. By Circular HO/38/13/11(14)2026-MIRSD-POD/I/17111/2026 dated July 23, 2026, SEBI specified a revised framework for transmission of securities, applicable to listed companies, RTAs, Depositories, DPs, AMCs, AMFI and Investors’ Associations, applying to transmission of listed securities/AMC units on demise of the sole/all joint holders, and not applying where there is dispute or competing claims. Key features include a new Quick Transmission Processing (QTP) category (claims threshold ₹10,000 for physical mode, ₹30,000 for dematerialised mode) and simplified documentation thresholds of ₹10 lakh (physical) and ₹30 lakh (dematerialised); removal of mandatory Probate of Will; a combined affidavit-cum-NOC; acceptance of QR-coded death certificates and additional verification modes for death certificates issued abroad.

The Circular prescribes a Transmission Grid, standardised forms (Annexures 1–5), a 21-calendar-day claim settlement timeline, and monthly reporting to SEBI for 6 months. It also addresses the Rule of Survivorship, requiring no additional documentation beyond the death certificate for surviving joint holders. The framework comes into force 30 days from the Circular’s issuance, with processing entities directed not to seek re-submission of documents already provided.