Query on physical share transfer

[Neethu Francis]

Dear team,

We have a company which, due to the revised definition of “Small Company”, now falls within the small company category. Accordingly, Rule 9B of the Companies (Prospectus and Allotment of Securities) Rules, 2014 is no longer mandatorily applicable.

However, the company proposes to retain its ISIN on a voluntary basis. The shareholders are of the view that since dematerialisation is no longer mandatory and ISIN is being retained voluntarily, physical transfer of shares should be permissible. In this context, can it still process share transfers in physical form? – Please provide your insights on this.

Yours sincerely

CS Neethu Francis