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.
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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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August 26, 2018
Demat/Physical Rule Does Not Apply to Unlisted / Delisted Shares ( Please Rcheck)
Some small type 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 IS COMPLETELY WRONG AND MANIPULATED MISGUIDANCE
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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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1 comment:
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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