Deadline for dematerization of shares
Deadline is 31st March 3019. I will never be able to make it. Not because I am not prepared but because companies are putting hurdles. Send this document, send that document etc delaying tactics. Once my DP forwards it, for demat why the compuire individual investor to send the documentation? Names of some companies are changed, mergers and demergers happened. The given phone numbers of registrars/Transfer agents don't work. So it's only through surface mail.
SEBI should fine such companies which are troublesome for small investors. The companies must be made responsible for demateriazation of their shares.
SEBI please consider. more
The responsibility for Demate should be on both i.e. companies as well as share holders.Many a companies harress share holders,when you are physically present still they say your signature does not match.One such company is Kotak Securities.We faced lot of hurdles and ultimately we gave it up. more
true it needs regulators attention.
i have been told that name change after 31/3 will be difficult but if its in your own name then no problem more
I am also having problems because they say signatures not matching even though I have submitted a signature verified by the bank. They take so long to respond also so again submit what they ask for and wait for months for their response. more
Yes, it is a fact that investors/shareholders are facing problems to dematerialise their shareholdings. SEBI should issue necessary instructions to Companies/Transfer and also extend the deadline of 31st March 2019.
One more point, this deadline of dematerialisation of shares is for (transfer/sale of shares) market operation. Delivery of shares will not take place in physical form but one can get it dematerialise on his own
/joint (as the case may be) in his demat account. Interpretation of SEBI order required clear clarification. Many Sr. Citizens are holding their shares in physical form. more