Dematerialization requirement: securities issued on investor service requests must be demat only; unclaimed shares moved to suspense escrow account. Listed companies must issue securities in dematerialized form for specified investor service requests (duplicate certificates; unclaimed suspense claims; renewal/exchange; endorsement; sub-division/splitting; consolidation; transmission; transposition). Holders submit Form ISR-4; RTAs/issuers verify requests and issue a Letter of Confirmation in lieu of physical certificates, which the holder must use to request dematerialization via a DP within the letter's validity. Absent demat request, securities are credited to the company's Suspense Escrow Demat Account.
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Provisions expressly mentioned in the judgment/order text.
Dematerialization requirement: securities issued on investor service requests must be demat only; unclaimed shares moved to suspense escrow account.
Listed companies must issue securities in dematerialized form for specified investor service requests (duplicate certificates; unclaimed suspense claims; renewal/exchange; endorsement; sub-division/splitting; consolidation; transmission; transposition). Holders submit Form ISR-4; RTAs/issuers verify requests and issue a Letter of Confirmation in lieu of physical certificates, which the holder must use to request dematerialization via a DP within the letter's validity. Absent demat request, securities are credited to the company's Suspense Escrow Demat Account.
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