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HO/38/13/11(2)2026-MIRSD-POD/ I/3750/2026

circulars · 1992 · State unknown

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Parent: THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 (7c4c1f5343adab106c3a94cafc08a5ecf5957ae7)

Text

CIRCULAR HO/38/13/11(2)2026-MIRSD-POD/ I/3750/2026 To, All Registrars to an Issue and Share Transfer Agents (RTAs) All Recognised Stock Exchanges All Listed Companies Madam / Sir, Sub: Ease of Doing Investment – Special Window for Transfer and Dematerialisation of Physical Securities To facilitate ease of investing for investors and to secure their rights in the securities purchased by them , vide Circular dated July 02, 2025, a special window was opened for re-lodgement of transfer deeds of physical securities. In order to further facilitate the investors to get rightful access to their securities , the Board has decided to open another special window for transfer and dematerialisation ("demat") of physical securities which were sold/purchased prior to April 01, 2019. This special window shall be open for a period of one year from February 05, 2026 to February 04, 2027 . The special window shall also be available for such transfer requests which were submitted earlier and were rejected/returned/not attended to due to deficiency in the documents/process/or otherwise. The securities so transferred shall be mandatorily credited to the transferee only in demat mode and shall be under lock -in for a period of one year from the date of January 30, 2026 registration of transfer. Such securities shall not be transferred/lienmarked/pledged during the said lock-in period. For clarity with regard to applicability of this window, below matrix may be referred to: 7. Conditions to be fulfilled by the investor/transferee The transferee shall be mandatorily required to submit the following documents: Original security certificate(s); Transfer deed executed prior to April 01, 2019; Proof of purchase by transferee, as may be available; KYC documents of the transferee (as per ISR forms);

Rule TOC

7 · Conditions to be fulfilled by the investor/transferee
10 · Obligations on Listed Companies/RTAs/Depositories
11 · The listed companies / RTAs shall process the transfer requests within 70 days from the date of receipt of request from the transferee with complete documentation.
12 · Listed companies, RTAs and Stock Exchanges shall publicize the opening of this special window through various media including print and social media, once every two months during the one-year period.
13 · This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with regulation 101 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 37 and 38 of Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 2025 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
14 · This circular is available on SEBI website at www.sebi.gov.in under the category: 'Legal → Circulars'.
1 · Name: __________
2 · Name: __________