Description
RTI appeal regarding clarification on legal heir certificate vs succession certificate requirements for share transmission under SEBI circular.
Summary
This is an RTI appellate authority order regarding Appeal No. 6466 of 2025 filed by Kashfaddoja Adil. The appellant sought clarification on share transmission requirements under SEBI circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/65 dated May 18, 2022, specifically regarding legal heir certificates versus succession certificates.
Key Points
- Appellant filed RTI application on June 5, 2025 seeking clarification on share transmission documentation requirements
- SEBI responded that queries were seeking opinion/clarification, not ‘information’ under RTI Act
- Appeal filed on July 1, 2025 (Registration No. SEBIH/A/E/25/00163)
- Appellate authority upheld SEBI’s response, confirming queries were opinion-seeking rather than information requests
- SEBI directed appellant to refer to para 20 of SEBI Master Circular for Register to an Issue and Share Transfer Agents dated June 23, 2025
Regulatory Changes
No regulatory changes announced. This is an administrative decision on RTI appeal scope.
Compliance Requirements
No new compliance requirements. The order clarifies that RTI Act does not cover requests for opinions or clarifications on existing regulations.
Important Dates
- RTI application filed: June 5, 2025
- SEBI response: June 26, 2025
- Appeal filed: July 1, 2025
- Appeal order: July 29, 2025
Impact Assessment
Minimal market impact. This is a procedural RTI decision that does not affect share transmission processes or requirements. The underlying SEBI circular on share transmission remains unchanged.
Impact Justification
Administrative RTI appeal decision with no direct market impact or regulatory changes