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News

Re-lodgement of Transfer Request of Shares

07/09/2020



CIRCULAR 



SEBI/HO/MIRSD/RTAMB/CIR/P/2020/166   September 07, 2020

 

To,

All Registered Registrar & Share Transfer Agents (RTA) 

All Recognised Stock Exchanges

All Listed Companies (through Stock Exchanges)



Dear Sir / Madam,



 Sub: Re-lodgement of Transfer Requests of Shares

1. In terms of Regulation 40 (1) of SEBI (Listing Obligations and Disclosure 

Requirements) Regulations, 2015, transfer of securities held in physical mode

has been discontinued w.e.f. April 01, 2019. Subsequently, vide Press

Release No. 12/2019 dated March 27, 2019, it was clarified that transfer

deeds lodged prior to deadline of April 01, 2019 and rejected / returned due to

deficiency in the documents may be re-lodged with requisite documents. 

 

2. It has been decided to fix March 31, 2021 as the cut-off date for re-lodgement

of transfer deeds.  Further, the shares that are re-lodged for transfer

(including those request that are pending with the listed company / RTA, as

on date) shall henceforth be issued only in demat mode. 



3. This circular is being issued in exercise of powers conferred under Section 11 

(1) of the Securities and Exchange Board of India Act, 1992, to protect the

interests of investors in securities and to promote the development of, and to

regulate the securities market.  



4. A press release is also being issued in this regard to disseminate this 

information to investors.



 Yours faithfully 



Manjesh Roy S.            



General Manager 

Tel. no: 022-26449710          



 Email id: manjeshsr@sebi.gov.in 



 

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