Capital Marketplace Regulator SEBI has supplied a one -time particular window to buyers. With the assistance of this window, buyers can re -file such bodily percentage switch requests put prior to April 1, 2019, that have been both rejected or returned because of flaws. This facility is for six months. It is going to be to be had from 7 July 2025 to January 6, 2026.
The Securities and Alternate Board of India (SEBI) is attempting to make funding more straightforward and offer protection to buyers’ rights. The switch of stocks in bodily shape used to be discontinued from April 1, 2019. The switch requests filed on this window might be processed simplest in dematerilized shape and right through this time the right process might be adopted.
Firms and RTAS should advertise
Firms and percentage switch brokers (RTAS) were requested to advertise the window thru print and social media each two months right through the window. They’re additionally recommended to post a per month report back to SEBI concerning the selection of devoted groups and the selection of receiving, processed and authorized requests to maintain such instances. Along side this, he’s going to even have to inform SEBI concerning the causes for the rejection of a request and the typical processing time.
Even prior to this, SEBI has introduced such window
Previous, SEBI had allowed buyers to re -deposit such switch deeds, that have been deposited prior to the reduce -off date however have been rejected because of the documentation factor. SEBI had mounted the time limit of this facility 31 March 2021. On the other hand, many buyers may now not observe throughout the time limit. The topic used to be reviewed via a committee of professionals according to the representations of buyers, registrars, percentage switch brokers (RTAs) and indexed firms. The committee consisted of criminal pros, RTAS, and corporate representatives. The skilled committee then beneficial some other likelihood of switch of stocks in bodily shape for such buyers.
