TMI BlogTransfer or transmission or transposition of securitiesX X X X Extracts X X X X X X X X Extracts X X X X ..... eld in the dematerialised form with a depository: Provided further that transmission or transposition of securities held in physical or dematerialised form shall be effected only in dematerialised form. ] (2) The board of directors of a listed entity may delegate the power of transfer of securities to a committee or to compliance officer or to the registrar to an issue and/or share transfer agent(s): Provided that the board of directors and/or the delegated authority shall attend to the formalities pertaining to transfer of securities at least once in a fortnight: Provided further that the delegated authority shall report on transfer of securities to the board of directors in each meeting. (3) On receipt of proper documentat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entity shall comply with all procedural requirements as specified in Schedule VII with respect to transfer 7 [ and transmission ] of securities. (8) In case the listed entity has not effected transfer of securities within fifteen days or where the listed entity has failed to communicate to the transferee(s) any valid objection to the transfer, within the stipulated time period of fifteen days, the listed entity shall compensate the aggrieved party for the opportunity losses caused during the period of the delay: Provided that during the intervening period on account of delay in transfer above, the listed entity shall provide all benefits, which have accrued, to the holder of securities in terms of provisions of Section 126 of Compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SEBI (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018, w.e.f. 1.4.2019 (vide Notification dated 30.11.2018). 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 before it was read as one month of 4. Omitted vide Notification No. SEBI/LAD-NRO/GN/2021/22 dated 05-05-2021 before it was read as each half of 5. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/66 dated 24-01-2022 before it was read as [Provided that, 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 dematerialized form with a depository.] 2 6. Omitted vide Not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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