29th November, 2018
Sub: Standardised norms for transfer of securities in physical mode
To all Listed Companies
Now, SEBI has additionally modified the provisions as follows:
“It has been brought to the notice of SEBI that RTAs are seeking various documents for effecting transfer of securities and the documents sought vary across RTAs. SEBI has also received representations, highlighting difficulties faced by transferees in providing these documents. In this regard, SEBI had meetings with Registrars Association of India (RAIN) and Depositories in this regard and pursuant to such meetings, RAIN has submitted a standardized procedure for transfer of securities in physical mode. The proposal of RAIN has been examined and accordingly, the documentation / procedure for transfer of physical securities is modified” which has been explained in detail in the said circular.
This is for information and necessary action.
CS Chandrani Datta