Operational guidelines for Transfer and Dematerialization of re-lodged physical shares

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....ment of transfer requests and has stipulated that such transferred shares shall be issued only in demat mode.  2.  In this regard the operational guidelines for crediting the transferred shares into the respective demat account of the investor, with inputs from stakeholders, are as under;  i.   Guidelines to credit the transferred physical shares in demat mode:  a.  Subsequent to processing of the re-lodged transfer request, the RTA shall retain the physical shares and intimate the investor (transferee) about the execution of transfer through Letter of Confirmation. This letter shall be sent through Registered / Speed Post or through email with digitally signed letter and shall, inter-....

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.... the relevant byelaws, rules and regulations for the implementation of the above directions, as may be applicable; and  b)  bring the provisions of this circular to the notice of their participants and also disseminate the same on their websites. 4.  This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 5.  The Stock Exchanges are advised to bring the provisions of this circular to the notice of listed companies and also to disseminate the same on their websites. Yours faithfully Deepak Trive....