NSDL Business Rule 12.6.4.1. pertaining to Transmission of Securities held by Karta of Hindu Undivided Family (HUF) in the Depository has been modified. Extracts of the aforementioned rule are as under:
"12.6.4.1 Upon death of the Karta of a Hindu Undivided Family (HUF), the surviving member(s) of the HUF may appoint the eldest surviving member of the HUF as the new Karta of the HUF."
Entire text of the aforementioned Business Rule is available on NSDL website www.nsdl.co.in and the same has been informed to Participants vide Circular No.NSDL/POLICY/2008/0072 dated October 17, 2008.