Sebi extends due date for transfer of shares in demat form to April 1

Sebi extends due date for transfer of shares in demat form to April 1 :

Securities and Exchange Board of India hasextended due date for transfer of shares in demat form 5th December 2018 to 1st April 2019 asSEBI has received representations from shareholders for extension of the date of compliance.

Sebi extends due date for transfer of shares in demat form to April 1

Dec 03, 2018

PR No.:49/2018

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.

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