SEBI extends deadline for Dematerialisation of Listed Shares held in physical form to April 1, 2019

Share Purchase - Listed Shares - Taxscan

The Securities Exchange Board of India (SEBI) has extended deadline for dematerialisation of listed shares held in physical form to April 1, 2019.

The SEBI, on March 28, 2018, decided 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. This measure was to come into effect from December 5, 2018.

The press release issued by the SEBI said that, the board has received representations from shareholders for extension of the date of compliance. In view of the same, the deadline has been extended and the aforesaid requirement of transfer of securities only in demat form shall now come into force from April 1, 2019.

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