Securities and Exchange Board of India
Press Release No. 45/2020
Re-lodgement of Transfer Requests of Shares
In terms of Regulation 40 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, transfer of securities held in physical mode has been discontinued w.e.f. April 01, 2019. Subsequently, vide Press Release No. 12/2019 dated March 27, 2019, it was clarified that transfer deeds lodged prior to deadline of April 01, 2019 and rejected / returned due to deficiency in the documents may be re-lodged with requisite documents.
It has been decided to fix March 31, 2021 as the cut-off date for re-lodgement of transfer deeds. Further, the shares that are re-lodged for transfer (including those request that are pending with the listed company / RTA, as on date) shall henceforth be issued only in demat mode.
Mumbai
September 9, 2020
Only the notification is given but there is no clear direction, rules / conditions mentioned by SEBI. Can you please help to explain the procedure of re-lodgement for physical share transfer and also is there any possibility of new physical share transfer updates.
Thank you.