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► RESTRICTION ON TRANSFER OF SECURITIES IN PHYSICAL FORM
 
Securities and Exchange Board of India vide its notification dated June 08, 2018 has notified Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 whereby Regulation 40 has been amended.

In terms of amended Regulation 40, requests for effecting transfer of securities shall not be processed unless the securities are held in dematerialized form with a depository. The same is effective from December 05, 2018.

In view of the same, shareholders are advised to dematerialize there shares at the earliest. For the purpose following steps would be required to be taken:

  • Open an account with a Depository Participant (DP).
  • Lodge the physical share certificates with DP along with the request for dematerialization.
  • Upon dematerialization, the said shares would be reflected in the account opened with DP.
For any assistance in the matter, you may please communicate with Mr. Madhusudan Sen of CB Management Services Private Limited, P-22, Bondel Road, Kolkata 700 019; e-mail ID rta@cbmsl.com, phone no. +91 33 40116700.
 

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