Transfer and dematerialization of re-lodged physical shares: endorsed certificates retained and demat request required within specified validity period. Upon processing a re-lodged transfer, the RTA retains the endorsed physical certificates and issues a Letter of Confirmation to the transferee with endorsement, folio, certificate and distinctive numbers. The transferee must present that Letter to a Depository Participant and submit a Dematerialization Request Form so the DP can process demat credit on the basis of the Letter. If the transferee does not submit a demat request within the letter's validity, the shares will be credited to the company's Suspense Escrow Demat Account. RTAs must notify depositories of any lock-in for processing as lock-in demat.
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 and dematerialization of re-lodged physical shares: endorsed certificates retained and demat request required within specified validity period.
Upon processing a re-lodged transfer, the RTA retains the endorsed physical certificates and issues a Letter of Confirmation to the transferee with endorsement, folio, certificate and distinctive numbers. The transferee must present that Letter to a Depository Participant and submit a Dematerialization Request Form so the DP can process demat credit on the basis of the Letter. If the transferee does not submit a demat request within the letter's validity, the shares will be credited to the company's Suspense Escrow Demat Account. RTAs must notify depositories of any lock-in for processing as lock-in demat.
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