In a major step towards the mission of Ease of Living and Ease of Doing Business, MCA has further simplified claim settlement process through rationalization of various requirements under IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. For claimants, requirement of Advance Receipt has been waived off, requirement of Succession Certificate/ Probate of Will/ Will has been relaxed up to Rs 5,00,000 (five lakh) both for Physical amp; DEMAT shares.In a major step towards the mission of Ease of Living and Ease of Doing Business, MCA has further simplified claim settlement process through rationalization of various requirements under IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. For claimants, requirement of Advance Receipt has been waived off, requirement of Succession Certificate/ Probate of Will/ Will has been relaxed up to Rs 5,00,000 (five lakh) both for Physical amp; DEMAT shares.taxmann.com Latest Statutory HappeningsRead More
