Mon, December 16, 2024
[ Mon, Dec 16th 2024 ]: Global Finance
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[ Mon, Dec 16th 2024 ]: Tuko
Raimond Molenje Takes Helm as Kenya Bankers Association CEO, Effective December 2024
[ Mon, Dec 16th 2024 ]: Business Line
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[ Mon, Dec 16th 2024 ]: MoneyWeek
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[ Mon, Dec 16th 2024 ]: The New York Times
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[ Mon, Dec 16th 2024 ]: Khaleej Times
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[ Mon, Dec 16th 2024 ]: fintechmagazine
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[ Mon, Dec 16th 2024 ]: The Hans India
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[ Mon, Dec 16th 2024 ]: ceps.eu
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[ Mon, Dec 16th 2024 ]: AOL
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[ Mon, Dec 16th 2024 ]: Commercial Observer
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[ Mon, Dec 16th 2024 ]: The Financial Express
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[ Mon, Dec 16th 2024 ]: Yahoo
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[ Mon, Dec 16th 2024 ]: Sydney Morning Herald
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[ Mon, Dec 16th 2024 ]: The Financial Times
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[ Mon, Dec 16th 2024 ]: Winnipeg Free Press
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[ Mon, Dec 16th 2024 ]: Daily Monitor
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[ Mon, Dec 16th 2024 ]: Cyprus Mail
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[ Mon, Dec 16th 2024 ]: Reuters
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[ Mon, Dec 16th 2024 ]: Business Today
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[ Mon, Dec 16th 2024 ]: MSN
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[ Mon, Dec 16th 2024 ]: Business Standard
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[ Mon, Dec 16th 2024 ]: Rappler
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[ Mon, Dec 16th 2024 ]: Arabian Business
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[ Mon, Dec 16th 2024 ]: The Age
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[ Mon, Dec 16th 2024 ]: India Today
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[ Mon, Dec 16th 2024 ]: Forbes
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[ Mon, Dec 16th 2024 ]: moneycontrol.com
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Sun, December 15, 2024
[ Sun, Dec 15th 2024 ]: Firstpost
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[ Sun, Dec 15th 2024 ]: bnnbloomberg
Australia Names Fry-McKibbin, Baker to RBA's Rate-Setting Board
[ Sun, Dec 15th 2024 ]: Sydney Morning Herald
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[ Sun, Dec 15th 2024 ]: moneycontrol.com
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[ Sun, Dec 15th 2024 ]: CTV News
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[ Sun, Dec 15th 2024 ]: The Globe and Mail
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[ Sun, Dec 15th 2024 ]: The New Zealand Herald
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[ Sun, Dec 15th 2024 ]: AOL
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[ Sun, Dec 15th 2024 ]: Business Line
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[ Sun, Dec 15th 2024 ]: Forbes
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[ Sun, Dec 15th 2024 ]: Business Standard
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[ Sun, Dec 15th 2024 ]: Business Insider
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[ Sun, Dec 15th 2024 ]: MSN
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Sebi's new proposal: DigiLocker to become key in asset transfer after death

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In case of a user's death, DigiLocker will update the account status based on death registration data from the Registrar General of India (RGI), or information from the KRA system.
The Securities and Exchange Board of India (SEBI) has proposed a new framework to streamline the process of asset transfer after an individual's death, leveraging the digital infrastructure of DigiLocker. This initiative aims to simplify the often cumbersome and time-consuming process of transferring securities by allowing nominees or legal heirs to access the deceased's financial assets through DigiLocker. Under this proposal, upon the death of an investor, their nominees would be able to use DigiLocker to retrieve necessary documents like wills or succession certificates, which are crucial for asset transfer. This move is expected to reduce the dependency on physical documents, expedite the transfer process, and enhance transparency and efficiency in handling post-mortem financial affairs. The proposal is part of SEBI's broader efforts to modernize and digitize financial transactions, making them more accessible and less prone to disputes or delays.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/finance/personal-finance/sebi-s-new-proposal-digilocker-to-become-key-in-asset-transfer-after-death-124121600481_1.html ]