Guidance Note On Dematerialisation Of Shares Held In Physical Form
As per the amended Regulation 40 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 made vide Gazette notification dated 8th June, 2018, no transfer of physical share certificate(s) will be effected by the Company on and from 5th December, 2018 except those relating to transmission or transposition.
Hence, the investors holding physical share certificate(s) of the Company, are advised to dematerialize them at the earliest.
The steps for dematerialization of the shares are given below:
- Contact any Depository Participant (D.P.) who is offering demat service and having connectivity with National Securities Depository Limited (NSDL),Mumbai or Central Depository Services (India) Ltd. (CDSL), Mumbai
- For opening the demat account, complete, sign and submit the relevant application form along with all required documents with the concerned DP. Please ensure that the demat account is opened in the same order of name(s) as appearing on the share certificate(s).
- After the demat account is opened, fill in the relevant form for effecting the dematerialization of the physical share certificate and submit the same with the DP along with the physical share certificate(s).
- Please note after the share certificates are dematerialized all issues relating to change of address, change in bank particulars, etc will have to be effected through the concerned DP only