Author: Author: CS Siddharth Khandelwal
Published in: Taxmann
The Securities and Exchange Board of India has provided an opportunity for shareholders holding physical share certificates to re-lodge previously rejected transfer requests. This initiative allows investors whose transfer deeds were not processed due to documentation or procedural deficiencies to regularize their share ownership.
Eligible shareholders can resubmit their transfer requests within the specified window, after which the shares will be issued in dematerialized form, in line with the regulator’s push for a fully digital securities market.
This measure helps physical shareholders complete pending transfers, enhances transparency in share transactions, and strengthens investor protection while promoting efficiency in the securities transfer system.
