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of <h1>SEBI Updates Rules for Physical Security Transfers: Simplifies PAN, Name Discrepancies, Signature Mismatches & More.</h1> The Securities and Exchange Board of India (SEBI) has standardized the norms for transferring securities in physical mode to address the inconsistencies and challenges faced by investors. Key changes include allowing the transfer of deeds executed before December 1, 2015, without the transferor's PAN, accepting name discrepancies with additional documents, and providing procedures for major signature mismatches. Companies and Registrars to an Issue and Share Transfer Agents (RTAs) must make efforts to contact transferors and follow specific procedures if the transferor is unresponsive. Transfers require an indemnity bond, address proof, and a public notice, with a 30-day objection period and a six-month lock-in period.
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