Sebi eases securities transfer to legal heirs

PTI

New Delhi, Updated At : 04:32 AM Sep 20, 2025 IST

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Sebi on Friday simplified the process of transferring securities from a nominee to the legal heir. Currently, when a nominee transfers securities, the transaction may sometimes be assessed for capital gains tax.

To resolve this, a Working Group and recommended the use of a new reporting code “TLH” (Transmission to Legal Heirs). This code will help ensure such transfers are correctly reported and not taxed as capital gains.

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