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TMI BlogSafeguards to address the concerns of the investors on transfer of securities in dematerialized modeX X X X Extracts X X X X X X X X Extracts X X X X ..... rg, Lower Parel, Mumbai - 400013 The Managing Director and CEO, Central Depository Services (India) Ltd., Phiroze Jeejeebhoy Towers, 17th Floor, Dalal Street, Mumbai - 400 023 Dear Sir(s), Sub: Safeguards to address the concerns of the investors on transfer of securities in dematerialized mode 1. The concerns arising out of transfer of securities from the Beneficial Owner (BO) Accounts wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ). The DPs shall issue only one DIS booklet containing not more than 20 slips for individual account holders and not more than 100 slips for non-individual account holders, at a time. If the DIS booklet is lost / stolen / not traceable by the BO, the same must be intimated to the DP immediately by the BO in writing. On receipt of such intimation, the DP shall cancel the unused DIS of the said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the DIS. The DPs shall cross check with the BOs under exceptional circumstances before acting upon the DIS. The DPs shall mandatorily verify with a BO before acting upon the DIS, in case of an account which remained inactive i.e., where no debit transaction had taken place for a continuous period of 6 months, whenever all the ISIN balances in that account (irrespective of the number of ISIN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate to SEBI the status of implementation of the provisions of this circular in the Monthly Development Report.
4. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 and Section 19 of the Depositories Act, 1996 to protect the interests of investors in securities market.
Yours faithfully,
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