Transfer timeline reduction for equity and debt securities mandates expedited registration and compensation for delays in transfers. The circular prescribes a 15-day timeline for registering transfers of equity shares and extends the same timeline to debt securities, directs recognized stock exchanges to amend relevant clauses of equity, SME equity and debt securities listing agreements to incorporate the 15-day transfer provision and compensation for opportunity losses caused by delay, directs SEBI-registered registrars and share transfer agents to adhere to these timelines, and modifies prior SEBI circulars relating to transfer timelines; it comes into effect on October 1, 2012.
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.
Transfer timeline reduction for equity and debt securities mandates expedited registration and compensation for delays in transfers.
The circular prescribes a 15-day timeline for registering transfers of equity shares and extends the same timeline to debt securities, directs recognized stock exchanges to amend relevant clauses of equity, SME equity and debt securities listing agreements to incorporate the 15-day transfer provision and compensation for opportunity losses caused by delay, directs SEBI-registered registrars and share transfer agents to adhere to these timelines, and modifies prior SEBI circulars relating to transfer timelines; it comes into effect on October 1, 2012.
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