Issue of shares in demat form
This query is : Resolved
07 May 2020
A company has entered into tripartite agreement with depositary and RTA for demat. But it has issued physical shares after that. Is that possible?
08 May 2020
According to Sebi, no transaction for transfer of securities of a listed company, at a stock exchange or an off-market transactions between buyers and sellers, can happen in physical certificate form. So, all shares held in physical after March 31 will become illiquid except for transmission and transposition
08 May 2020
IF ANY SHAREHOLDER REQUEST FOR A COPY OF PHYSICAL SHARES CERTIFICATE IN THAT CASE, THE DEPOSITORY THROUGH DP CAN PROVIDE PHYSICAL COPY OF SHARES. HOWEVER, THE SHARES UNDER THE DEPOSITORY MODE ARE FUNGIBLE THAT IS IT DO NOT BEAR ANY DISTINCTIVE NO AND LEDGER FOLIO.
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