SEBI Launches Quick Transmission Processing (QTP) to Simplify Securities Transmission for Heirs

Simplifying Inherited Asset Claims

To reduce the procedural burden on the legal heirs and claimants of deceased investors, the Securities and Exchange Board of India (SEBI) has introduced the Quick Transmission Processing (QTP) framework. Approved during the SEBI board meeting on June 19, 2026, and officially notified via circular on June 22, 2026, the QTP framework introduces a fast-track transmission category for small-value holdings. Previously, families of deceased investors had to navigate complex paperwork, legal affidavits, and verification loops even for minimal shareholdings, leading to high transaction costs and unclaimed dividends. The QTP initiative addresses this operational bottleneck directly.

Threshold Limits for the QTP Category

The QTP category applies to claims falling under the following specific value limits, requiring only basic identity proof and a simplified claim format:

• Physical Share Certificates: Claims up to ₹10,000 per security script.
• Demat Holdings: Claims up to ₹30,000 per beneficial owner (BO) account.

Doubling of Limits for Simplified Documentation

For holdings exceeding the QTP limits but still qualifying for simplified documentation (where a registered Will probate is not mandatory), SEBI has doubled the thresholds:

• Physical Holdings Limit: Raised from ₹5 lakh to ₹10 lakh per listed company.
• Demat Holdings Limit: Raised from ₹15 lakh to ₹30 lakh per beneficial owner account.

Major Documentation Relaxations

The updated guidelines introduce several changes to ease the transmission process:

• PAN Requirement Exempted: Claimants are no longer mandatorily required to submit their PAN cards during the transmission process, as their identities are already verified when opening their own demat accounts.
• Dispensing with Probate of Will: The requirement to present a probated Will has been relaxed for claims below the revised thresholds, allowing alternative documents like succession certificates or family settlement deeds.
• Combined Affidavit-cum-NOC: Claimants can now submit a single, combined affidavit-cum-no objection certificate (NOC), replacing multiple separate documents and reducing notary fees.
• QR-Code Enabled Death Certificates: Registry and Transfer Agents (RTAs) and Depository Participants (DPs) have been authorized to accept QR-code-enabled digital death certificates, accelerating digital verification and reducing processing times.