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 …
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 …
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. …
