[ad_1]
The transfer of shares of listed companies must essentially be in dematerialized mode from December 5, according to the regulator Sebi markets. In a recent notification, the regulator announced the amendment of the Regulation respecting quotation obligations and information obligations relating to stock transfer agents.
Currently, in accordance with the LODR regulations, a registered entity must ensure that "all activities of the transfer of shares both physical and electronic is maintained either internally, or by the registrar to a transfer agent of shares and shares registered with the board (Sebi). "
According to the notification, in the LODR regulations
In addition, there would be an amendment to the regulations concerning the transfer, transmission or transfer of securities.
As a result of the amendment, the securities should not be processed unless stored electronically with a custodian, except in the case of transfer or transposition.
The new regulations would come into force The Securities and Exchange Board of Canada India (Sebi) said:
Shares in the form of demat will help to have a transparent record of participation in companies facing growing concerns about the beneficial ownership of entities.
[ad_2]
Source link
