As per the aforesaid amendment, except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the demat form with a depository. The same will be effective from December 05, 2018.
In case you are holding securities of listed companies in the form of physical share certificates, please note that with effect from December 05, 2018, transfer of such securities in physical form will not be allowed except in case of transmission or transposition of securities.
You may approach your Depository Participant to dematerialize such securities proactively to avoid last minute rush to dematerialize just before intended transfer.
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Statutory Details and Risk Factors
This document represents the views of Amigos Finserv and must not be taken as the basis for an investment decision. We shall be not be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The material is prepared for general communication and should not be treated as research report. The data used in this material is/maybe obtained by Amigos Finserv from the external sources which it considers reliable. While utmost care has been exercised while preparing this document, we do not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Amigos Finserv reserves the right to make modifications and alterations to this statement as may be required from time to time.