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The Securities and Exchange Board of India has issuedOperational guidelines for the Transfer and Dematerialization of re-lodged physical shares. Read the entire circular below: CIRCULAR SEBI/HO/MIRSD/RTAMB/CIR/P/2020/236 December 02, 2020 To All Listed Companies (through Stock Exchanges) All Registrars to an Issue Share Transfer Agents (RTA) All Depositories All Recognized Stock Exchanges All Depository Participants (DP) Dear Sir/ Madam, Sub: Operational guidelines for Transfe
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FAQ :
The SEBI circular provides operational guidelines for the transfer and dematerialisation of re-lodged physical shares.
The cut-off date for re-lodging transfer requests is March 31, 2021.
All transferred shares re-lodged after the cut-off date will be issued only in demat mode.
After a transfer request is processed, the RTA will retain physical shares and issue a Letter of Confirmation to the investor. The investor must then submit a demat request to their Depository Participant (DP) within 90 days of receiving this letter.
If a demat request is not received within 90 days of the Letter of Confirmation, the shares will be credited to the Suspense Escrow Demat Account of the Company.
For shares requiring a lock-in, the RTA will inform the Depository about the lock-in period when approving the demat request. These shares will remain in lock-in demat mode for 6 months from the date of transfer registration.
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