Enhanced Due Diligence for Dematerialization of Physical Securities

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....ugh Stock Exchanges) Dear Sir/ Madam, Sub: Enhanced Due Diligence for Dematerialization of Physical Securities 1. In terms of Regulation 40 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (IV Amendment) Regulations, 2018 (LODR), transfer of securities held in physical mode is not permitted w.e.f. April 01, 2019. Standardised norms with respect t....

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....and be communicated to Issuer companies / their RTAs. II. Depositories shall capture the relevant details from the static database as per clause I above and put in place systems to validate any dematerialization request received after December 31, 2019. Accordingly, the depository system shall retrieve the shareholder name(s) recorded against the folio number and certificate number in Sta....

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....case of complete mismatch of name on the share certificate(s) vis-à-vis name of the beneficial owner of demat account, the applicant may approach the Issuer company / RTA for establishing his title / ownership. 3. Depositories shall; a) make necessary amendments to the relevant byelaws, rules and regulations for the implementation of the above directions, as may be applicable ....