POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 40 - Transfer or transmission or transposition of securities
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter IV OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES
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Dematerialised securities transfers require compliance with statutory restraints, court objections, and Board-prescribed procedures for listed entities Regulation 40 requires listed entities to process transfer requests generally only where securities are held in dematerialised form, and requires ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Dematerialised securities transfers require compliance with statutory restraints, court objections, and Board-prescribed procedures for listed entities
Regulation 40 requires listed entities to process transfer requests generally only where securities are held in dematerialised form, and requires transmission or transposition of physical or dematerialised securities to be effected only in dematerialised form. Transfers cannot be registered where statutory prohibitions, attachments, or competent-authority orders restrain transfer. Registration is also barred following a transferor's objection where a court prohibitory order is served within sixty working days. The regulation applies to deceased-holder name deletion, transmission to legal heirs, and changes in the order of joint holders' names, while requiring compliance with Board-prescribed procedures.
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