SEBI circular dated 7th September, 2020 regarding allowing more time for re-lodgement of physical transfer of shares which was rejected/ returned due to deficiency of documents. Now they can be relodged upto 31st March, 2021.
- 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.