CAIRR Update April 26, 2022

 Summary of guidance note and notification issued by NSE and SEBI on 25/04/2022

The notice clarified the applicability and threshold limits among others. The Highlights are as under –

1. Listed entities are required to submit the RPT disclosures in the new SEBI format, for reporting period for the half year end commencing from 01 October, 2021 to 31 March, 2022.
2. The disclosure must be on six-month end basis for both, first half and second half year.
3. RPT disclosures are required even if there are no related party transactions during the reporting period

All procedural requirements in Schedule VII of SEBI’s LODR 2015 shall apply to both transfer and transmission of securities of listed companies.

1. In case of transmission of securities with nomination, the following documents shall be submitted by nominee:
a. Transmission request form;
b. original death certificate or its copy of death certificate attested by the nominee and verified by by a notary public or a Gazetted Officer;
c.  PAN Card

2. Following documents to be submitted by claimant in addition to the above, where there is no Nomination:
1. a notarized affidavit from all legal heirs identifying claim of legal ownership to the securities:
2. a copy of Succession Certificate or Probate of Will or Will or Letter of Administration or Court Decree Indemnity Bond

3. For cases where value of securities is up to Rs. 5 Lakh held in physical mode, and up to Rs. 15 lakh per beneficiary account held in dematerialized mode: In place of documents in pt 2.2, a no objection certificate from all legal heir(s) attested by a notary public or a Gazetted Officer may be submitted.