https://nsdl.co.in/nsdlnews/SEBI-Announces.php
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FAQ No. 5
Q : What would happen if I do NOT Dematerialise my shares by 05/12/18
A) in this case, you will not be able to sell or transfer your shares after December 5, 2018. You will have to wait for demat of shares before being able to sell/transfer them..
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It , also , would not apply to Death / Transmission cases of Physical mode shareholders Post 05/12/18
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Blog
This SEBI direction does NOT apply to Unlisted shares
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New Post
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FAQ No. 5
Q : What would happen if I do NOT Dematerialise my shares by 05/12/18
==========
It , also , would not apply to Death / Transmission cases of Physical mode shareholders Post 05/12/18
------------------
Blog
This SEBI direction does NOT apply to Unlisted shares
=================
New Post
August 26, 2018
Demat/Physical Rule Does Not Apply to Unlisted / Delisted Shares ( Please Rcheck)
Some small time dealers are approaching share holders of Delisted / Unlisted shares like Digvijay Finlease ( Digvijay Finlease's shares are only in Physical mode ) that share holders must sell ( at manipulated rates quoted by such dealers ) as after 05/12/2018 such shares in Physical would become of Zero worth.
This SEBI direction does NOT apply to Unlisted shares and only to Listed Shares
It , also , would not apply to Death / Transmission cases of Physical mode shareholders Post 05/12/18
THIS IS COMPLETELY WRONG AND MANIPULATED MISGUIDANCE
as , To THE BEST OF KNOWLEDGE ( which confirm independently also )
as , To THE BEST OF KNOWLEDGE ( which confirm independently also )
This SEBI direction does NOT apply to Unlisted shares and only to Listed Shares
It , also , would not apply to Death / Transmission cases of Physical mode shareholders Post 05/12/18
2 comments:
SEBI should clarify the post 05/12/18 Transfer rule on shares like Dalmia Refractories which are , on paper , are LISTED on Metropolitan Stock Exchange / Calcutta Stock Exchange . These two Stock Exchanges do not have any Equity trading . So , in reality , shares like Dalmia Refractories ( which are Exclusively listed in Metropolitan Stock Exchange / Calcutta Stock Exchange ) are Unlisted.
Investors may continue holding their Listed shares in Physical mode But if such Investors hold these Physical shares / in small lots in names or joint names in which they do not have Demat accounts then should transfer before 05/12/18 such folios even in Physical mode to names for which they have or can easily open Demat accounts later if the need arises ( for transfer or sale.) Otherwise , even to transfer a few shares in an odd folio they would have to go through the process of opening many Demat accounts
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