SEBI vide its Notification No. SEBI/LAD-NRO/GN/2018/24 dated 8th June, 2018 notified the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
(Fourth Amendment) Regulations, 2018 which mandated that w.e.f. 5th December, 2018 no
physical shares are allowed to be transferred (except in case of transmission or
transposition of Shares) unless the securities are held in the dematerialized form. SEBI
vide it’s another Notification No. SEBI/ LAD-NRO/GN/2018/49 dated 30th November, 2018
notified that the said Amendment Regulations, 2018 shall come into force with effect from
1st April, 2019.
Accordingly, as per the aforesaid Amendment Regulations, the requests for effecting transfer
of shares shall not be processed after 31st March, 2019 unless the securities are held in
dematerialized form. However, the said regulation shall not affect the process of
transmission and transposition of shares. Hence, the members holding their shares in
physical form are requested to dematerialize their securities before 1st April, 2019.
The process of dematerialization is given below:
In case of any query regarding dematerialization, shareholders may write to: