Deadline gets closer Do your parents or grandparents have physical shares safely kept in the locker? They should know that the physical shares have to be converted into demat form before April 1. According to a Securities and Exchange Board of India circular, if the physical shares are not converted into demat form, then the physical shares cannot be transferred. …
Post-Tuesday, you won’t be able to transfer shares of listed companies if they are held in physical form. Transfer of shares by listed companies has to be done only in the demat or electronic form from 5 December, said market regulator Securities and Exchange Board of India. The government had also asked unlisted public companies to compulsorily issue new shares …
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