The transfer comes after SEBI obtained quite a few representations from traders, Registrars and Switch Brokers (RTAs), and listed firms highlighting that many shareholders have been unable to fulfill the sooner deadline of March 31, 2021.
Following consultations with a Panel of Specialists, Sebi determined to supply one other alternative to guard traders’ rights and facilitate ease of investing.
Throughout this particular window, all re-lodged securities — together with pending requests with firms or RTAs — have to be issued solely in dematerialised kind. Listed firms and RTAs are required to make sure correct processing of those transfer-cum-demat requests in compliance with Sebi laws.
Moreover, SEBI has directed listed firms, RTAs, and inventory exchanges to actively publicise the particular window each two months throughout print and social media to achieve affected traders.
Devoted groups have to be arrange by RTAs and listed corporations to deal with these requests, and detailed month-to-month reviews protecting publicity efforts and re-lodged shares have to be submitted to SEBI.This initiative, issued beneath the powers granted to SEBI by the SEBI Act and related laws, goals to guard traders’ pursuits and make sure the orderly transition from bodily to dematerialized securities, furthering the regulator’s efforts to modernize and safe India’s capital markets. In one other information, the market regulator mandated using a Frequent Contract Notice (CCN) with a Single Quantity Weighted Common Value (VWAP) efficient June 27, 2025. This transfer comes with a view to simplify post-trade processes and enhance ease of doing enterprise for institutional traders.
Till now, institutional traders and market contributors have been burdened with separate commerce confirmations from every alternate, resulting in cumbersome reconciliation, settlement complexities, and elevated compliance complications.
Responding to long-standing calls for from trade stakeholders, regulators, in collaboration with exchanges and clearing companies, developed a single consolidated contract observe mechanism with a uniform VWAP.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t characterize the views of the Financial Instances)
