Odd / Unusual -Single or Joint Names Accounts -Avoid in Physical Mode Post 05/12/18

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 for 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 fresh Demat accounts in same names / joint names order .

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August 26, 2018

SEBI should Clarify on Metropolitan / Calcutta Stock Exchanges Listed Shares

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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OLD POST

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

                                    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

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old post

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August 25, 2018

After 05/12/18, Physical Shares Can be Held

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.