Power to receive documentary evidence upheld; documents referred in complaint may be placed on record without amendment where omission was inadvertent...
Proof of foreign public documents requires originals or certified diplomatic/notarial copies; inspection must occur in-magna presence and cross-examin...
SEBI circular eliminates the requirement of issuing a Letter of Confirmation and mandates direct credit of securities into investors' demat accounts after due diligence by RTAs/issuer companies. RTAs/issuers must obtain a Client Master List (not older than two months) attested by the Depository Participant and initiate a demat conversion request; depositories/RTAs/listed companies must notify investors on successful dematerialisation. Processing timelines for service requests are 30 days; physical certificates must be retained and defaced or retained per procedure, and lock-in periods must be communicated on credit. Changes take effect April 2, 2026; prior LOCs remain usable within 120 days.
SEBI circular eliminates the requirement of issuing a Letter of Confirmation and mandates direct credit of securities into investors' demat accounts after due diligence by RTAs/issuer companies. RTAs/issuers must obtain a Client Master List (not older than two months) attested by the Depository Participant and initiate a demat conversion request; depositories/RTAs/listed companies must notify investors on successful dematerialisation. Processing timelines for service requests are 30 days; physical certificates must be retained and defaced or retained per procedure, and lock-in periods must be communicated on credit. Changes take effect April 2, 2026; prior LOCs remain usable within 120 days.
Note: It is a system-generated summary and is for quick reference only.
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