Transfer or transmission or transposition of securities

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Transmission or transposition of securities held in physical or dematerialised form shall be effected only in dematerialised form: Provided that nothing contained in clause (a) shall prevent the registration of transfer of securities executed before April 01, 2019 and still held in physical form subject to such conditions as may be specified by the Board.] ^9[****] (4) The listed entity shall not register transfer when any statutory prohibition or any attachment or prohibitory order of a competent authority restrains it from transferring the securities from the name of the transferor(s). (5) The listed entity shall not register the transfer of its securities in the name of the transferee(s) when the transferor(s) objects ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 before it was read as "each half of" 5. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/66 dated 24-01-2022 before it was read as, "^2[Provided that, except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository.]" 6. Omitted vide Notification No. SEBI/LAD-NRO/GN/2022/66 dated 24-01-2022 before it was read as, "for securities held in dematerialized mode and physical mode" & "and twenty one days respectively" 7. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/80 dated 25-04-2022 8. Omitted vide....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... receipt of the specified documents: Provided further that proper verifiable dated records of all correspondence with the investor shall be maintained by the listed entity. (6) The listed entity shall not decline to, register or acknowledge any transfer of shares, on the ground of the transferor(s) being either alone or jointly with any other person or persons indebted to the listed entity on any account whatsoever. (8) In case the listed entity has not effected transfer of securities within fifteen days or where the listed entity has failed to communicate to the transferee(s) any valid objection to the transfer, within the stipulated time period of fifteen days, the listed entity shall compensate the aggrieved party for the opport....