Inter-depository transfer of beneficial ownership requires issuer or registrar to update registered ownership and notify depositories promptly. Inter-depository transfer of beneficial ownership shall be effected by depositories only after the issuer-company or the registrar and share transfer agent effects the change in registered ownership in favour of the transferee-depository; the issuer, registrar or share transfer agent must effect the necessary changes in their records and communicate the same to the depositories within two hours of receipt of the request for transfers. This directive is effective immediately.
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.
Provisions expressly mentioned in the judgment/order text.
Inter-depository transfer of beneficial ownership requires issuer or registrar to update registered ownership and notify depositories promptly.
Inter-depository transfer of beneficial ownership shall be effected by depositories only after the issuer-company or the registrar and share transfer agent effects the change in registered ownership in favour of the transferee-depository; the issuer, registrar or share transfer agent must effect the necessary changes in their records and communicate the same to the depositories within two hours of receipt of the request for transfers. This directive is effective immediately.
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