SEBI proposes mandatory issuance of new securities in demat form post stock split, mergers
16 hours, 40 minutes ago

SEBI proposes mandatory issuance of new securities in demat form post stock split, mergers

Live Mint  

To encourage demat holding of securities, Sebi on Tuesday proposed mandating listed companies to issue securities only in demat form following stock split, consolidation of face value of shares, and merger or demerger. Considering this, while Sebi is encouraging holding of securities in demat form by the investors, at present a few investors hold securities in physical form. Accordingly, to progress towards greater dematerialisation of securities and to prevent fresh creation of physical securities by listed entities, Sebi felt that the existing security certificates are converted into demat form and no new physical security certificates are created. It is proposed to amend Sebi Regulations, 2015 to mandate issuance of securities only in demat form in case of sub-division/split/consolidation of face value of securities and scheme of arrangement to encourage demat holding of securities," the regulator said.

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History of this topic

Delisting Regulations Of SEBI Not Applicable To Delisting Of Equity Shares Under Resolution Plan: Bombay High Court
1 month ago

Delisting Regulations Of SEBI Not Applicable To Delisting Of Equity Shares Under Resolution Plan: Bombay High Court

Live Law  

The Bombay High Court bench of Justices M.S.Sonak and Jitendra Jain has held that Delisting Regulations framed by the SEBI would not be applicable to the delisting of shares of the company in pursuance of the approval of a Resolution Plan under section 31 of the code. The petitioner submitted that the impugned regulation violates the objective of the SEBI …

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities
2 months, 3 weeks ago

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities

Live Mint  

India is taking significant steps towards financial inclusion and regulatory simplification with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. The proposal allows Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities. This reform aims to enhance the ease of doing business for entities such as housing …

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts
7 months ago

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts

Live Law  

The Securities and Exchange Board of India has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. The existing practice involves brokers pooling securities received in payout and then crediting them to respective client demat accounts. Under the new guidelines, clearing corporations are required to provide a mechanism for trading members/clearing members to …

Sebi extends deadline to add nominees for demat account holders till December-end
1 year, 3 months ago

Sebi extends deadline to add nominees for demat account holders till December-end

India TV News  

Capital markets regulator Sebi on Tuesday extended the deadline by three months to December-end for existing demat account holders to provide choice of nomination or formally opt out of nomination through a declaration form. Earlier, the deadline for existing eligible trading and demat account holders to provide a choice of nomination was on or before September 30. Further, Sebi has …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 5 months ago

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings

Live Law  

In a significant development, the Securities and Exchange Board of India has introduced an amendment to the Securities and Exchange Board of India Regulations, 2018, via the Securities and Exchange Board of India Regulations, 2023. The Securities and Exchange Board of India has exercised its powers under Section 15JB of the Securities and Exchange Board of India Act, 1992, Section …

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018
1 year, 5 months ago

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018

Live Law  

Securities and Exchange Board of India has issued a notification on July 24, 2023, introducing amendments to the Securities Contracts Regulations, 2018. The newly introduced regulations, titled the "Securities Contracts Regulations, 2023," have been formulated by SEBI in exercise of the powers conferred by sections 4, 8A, and 31 of the Securities Contracts Act, 1956, read with sections 11 and …

National Securities Depository Limited (NSDL) files DRHP with SEBI for IPO
1 year, 6 months ago

National Securities Depository Limited (NSDL) files DRHP with SEBI for IPO

Live Mint  

National Securities Depository Limited a SEBI registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India has filed its Draft Red Herring prospectus with the Securities and Exchange Board of India. The company plans to raise funds via Initial Public Offering through issue of equity shares of face value Rs. …

SEBI updates rules to ease the debt securities issuers’ disclosure structure
1 year, 6 months ago

SEBI updates rules to ease the debt securities issuers’ disclosure structure

Live Mint  

To prevent debt securities issuers from filing numerous copies of the same document, the market regulator Securities and Exchange Board of India released regulations for the introduction of the general information and important information document concepts. For subsequent private placements of non-convertible securities or commercial papers made within the validity period, only a Key Information Document detailing important modifications will …

Sebi Extends Nomination Deadline for Existing Trading, Demat Account Holders Till Sep 30
1 year, 9 months ago

Sebi Extends Nomination Deadline for Existing Trading, Demat Account Holders Till Sep 30

News 18  

Capital markets regulator Sebi on Tuesday extended the deadline till September-end for existing trading and demat account holders to provide choice of nomination or opt out of nomination. In July 2021, the Securities and Exchange Board of India asked all existing eligible trading and demat account holders to provide choice of nomination on or before March 31, 2022, failing which …

Sebi amends regulations; provides more relaxation for companies to raise funds
4 years, 6 months ago

Sebi amends regulations; provides more relaxation for companies to raise funds

India TV News  

Markets watchdog Sebi has amended regulations to provide more leeway for companies to raise funds, including reducing the time gap between two qualified institutional placements to two weeks, amid the coronavirus pandemic. This is especially important as companies are finding it difficult to access alternate methods of funding such as debt financing or access equity funding from third party investors," …

How to deal with paper securities rendered illiquid now
5 years, 9 months ago

How to deal with paper securities rendered illiquid now

Live Mint  

If you hold physical securities in listed companies, you can’t transfer them by way of sale on the stock exchange or an off-market transaction between the buyers and sellers, with effect from 1 April. Securities held in physical or paper form after April 1 2019 are illiquid. If you have sold the securities in physical form before 31 March, but …

From today, convert shares to demat before transferring
5 years, 9 months ago

From today, convert shares to demat before transferring

Hindustan Times  

If your grandmother or your mother has physical shares, she needs to know that if she wants to transfer her shares to anyone it will first have to be converted into a demat form starting today. According to a circular from the Securities and Exchange Board of India, apart from transmission or transposition of securities, requests for effecting transfer of …

From 1 April, shares can be transferred in demat form only: Sebi
5 years, 9 months ago

From 1 April, shares can be transferred in demat form only: Sebi

Live Mint  

Sebi on Wednesday said transfer of shares of listed companies can be done only in the dematerialised form from 1 April but investors are not barred from holding shares in the physical form. In December 2018, the watchdog extended the deadline for transfer of shares of listed companies only in dematerialised form to 1 April. Shares in the demat form …

Deals in unlisted companies to be in demat form
6 years, 4 months ago

Deals in unlisted companies to be in demat form

The Quint  

New Delhi, Sep 11 As part of its drive against benami entities, the government on Tuesday said all deals in securities of unlisted public companies will have to be in dematerialised form from October 2. "The Ministry of Corporate Affairs has notified that with effect from October 2, 2018, issue of further shares and transfer of all shares by unlisted …

From October 2, unlisted companies to issue new shares in demat form: Government
6 years, 4 months ago

From October 2, unlisted companies to issue new shares in demat form: Government

Hindustan Times  

Unlisted public companies have to compulsorily issue new shares in demat form beginning October 2, the government said Tuesday. Transfer of shares has to be done only in the demat or electronic form, the government has told unlisted companies. From October 2, issue of further shares and transfer of all shares by unlisted public companies shall be in dematerialised form …

Investors can hold shares in physical form even after 5 December, clarifies SEBI
6 years, 5 months ago

Investors can hold shares in physical form even after 5 December, clarifies SEBI

Firstpost  

The stock market regulator, SEBI, in July, had said that transfer of shares of listed companies has to essentially be in dematerialised mode from 5 December. New Delhi: Markets regulator Sebi on Friday said its new guidelines do not bar investors from holding shares in the physical form even after 5 December. “The new amendment does not prohibit the investor …

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