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Enhanced Due Diligence for Dematerialization of Physical Securities

..... nts (RTA) All Recognised Stock Exchanges All Listed Companies (through Stock Exchanges) Dear Sir/ Madam, Sub: 1. In terms of Regulation 40 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (IV Amendment) Regulations, 2018 (LODR), transfer of securities held in physical mode is not permitted w.e.f. April 01, 2019. Standardised norms with respect to document .....

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..... Issuer companies / their RTAs. II. Depositories shall capture the relevant details from the static database as per clause I above and put in place systems to validate any dematerialization request received after December 31, 2019. Accordingly, the depository system shall retrieve the shareholder name(s) recorded against the folio number and certificate number in Static Data for each DRN request r .....

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..... f the beneficial owner of demat account, the applicant may approach the Issuer company / RTA for establishing his title / ownership. 3. Depositories shall; a) make necessary amendments to the relevant byelaws, rules and regulations for the implementation of the above directions, as may be applicable b) bring the provisions of this circular to the notice of their participants and also disseminate t .....

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