SEBI Circular on - Ease of Doing Investment – Special Window for Re-lodgement of Transfer Requests of Physical Shares

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Date of Issue: 2-7-2025               

Issuer: SEBI

Ease of Doing Investment – Special Window for Re-lodgement of Transfer Requests of Physical Shares

Highlights of SEBI Circular dated July-2-2025

Background:

• Transfer of physical securities was discontinued from April 01, 2019.
• Earlier, SEBI had allowed re-lodgement of rejected transfer deeds lodged before April 01, 2019 up to March 31, 2021.

Key Issue:

• Several investors missed the March 31, 2021 deadline.
• Based on stakeholder representations and recommendations of an expert panel, SEBI decided to give another opportunity for such investors.

Key Decisions:

1. Special Window for Re-lodgement:
   • A 6-month window is being provided from July 07, 2025 to January 06, 2026.
   • Applicable for transfer deeds lodged before April 01, 2019 but rejected/returned/not processed.
2. Transfer Only in Demat Mode:
   • Securities re-lodged during this window will be transferred only in demat mode.
   • Proper transfer-cum-demat procedure must be followed.
3. Publicity Requirements:
   • Listed companies, RTAs, and Stock Exchanges must publicize the special window bi-monthly via print and social media.
4. Dedicated Support:
   • RTAs and listed companies must establish focused teams to handle such requests.
5. Monthly Reporting:
   • RTAs/listed companies must submit monthly reports on:
     • Publicity efforts.
     • Number of shares re-lodged (in SEBI-specified format – Annexure-A)

In case of any clarification or assistance required in the implementation of this circular, you may contact       

Kaushik Jethwa - kau...@secmark.in / 9870210171

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