Transfer of securities only in demat form- Deadline
extended till April 1, 2019
The Board, 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.
Subsequently, SEBI 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.