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Shares held - physical form

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(Querist)
17 March 2019 For experts opinion please:
Does SEBI Rules invalidate shares held in physical form after 31-March,2019.
Can holder of physical shares DE-materialize after 31-March 2019
Does that mean the restriction applies to transfer and not holding physical shares.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
17 March 2019 Exactly, the restriction applies only for the transfer of shares. SEBI guidelines do not invalidate physical holding of shares
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