Compulsory Dematerialization of Physical Shares (New)
SEBI vide its Notification No. SEBI/LAD-NRO/GN/2018/24 dated 8th June 2018 amended Regulation 40 of SEBI (LODR) Regulations, 2015 and notified SEBI (LODR) (Fourth Amendment) Regulations, 2018. With the amendment to Regulation 40, SEBI has mandated that the transfer of securities would be carried out in dematerialized form only with effect from December 5, 2018.Accordingly, shareholders holding shares in physical form are hereby notified that, except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository”.
Morarjee Textiles
