SEBI not listening to us - not extending deadline

SEBI issued this note to public yesterday. Looks like they are clueless and not listening to people. They are not extending the deadline. Basically companies will have it their way, we people will feel the pain.

Transfer of securities held in physical mode - clarification The Board, on March 28, 2018, decided that except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in dematerialized form with a depository. This measure shall come into effect from April 01, 2019. Subsequently, SEBI has received representations from shareholders for extension of the date of compliance. In view of the same, the following are hereby clarified: 1. The above decision does not prohibit the investor from holding the shares in physical form; investor has the option of holding shares in physical form even after April 01, 2019.2. Any investor who is desirous of transferring shares (which are held in physical form) after April 01, 2019 can do so only after the shares are dematerialized. 3. The transfer deed(s) once lodged prior to deadline and returned due to deficiency in the document may be re-lodged for transfer even after the deadline of April 01, 2019. The above Board decision is not applicable for demat of shares, transmission (i.e. transfer of title of shares by way of inheritance / succession) and transposition (i.e. re-arrangement / interchanging of the order of name of shareholders) cases. more  

View all 12 comments Below 12 comments
SEBI gave enough time to convert shares to Demat form. As always many delayed the process to the last moment and now want an extension. Why could we not do it within the timeframe given? Lack of discipline. more  
Not the question of shareholders being criminals................, we need to observe some kind of discipline. Of course, company must also ensure the physical shares are dematerialised by its shareholders which is beneficial in all respects for all concerned. However, SEBI has given one full year for this process. In our country, we don't act within reasonable time frame but only act when penal provisions are invoked. In many instances, situation improved only after announcement of penalty, if not followed. Famous example, ban of plastic in public places. In view of this, onus is on both the company and the shareholders. more  
जिसके पास फिसिकल शेयर है वो सुरक्षित रहेंगे 31.3.19 के बाद रद्दी में दबदील नही होगें, कल को अगर आपको वो फिसिकल शेयर बेचने है या ट्रांसफर करने है तो उन्हें डिमैट कराना जरूरी होगा- सेबी more  
Please understand how small senior investors are struggling for obtaining correct address of co. in which they are shareholders to get their shares lodged for transfer.

Even unable to get updated their address...all these have been summarised hence please visit <>; more  
Correct pl. This is a check on Share Business which DID NEVER CARE FOR PRODUCTION/MANUFACTURE. Harshad Mehta like Hawala shall totally be put an end through such means of control. more  
SEBI gave enough time for this process. No need at all to continuously and repeatedly extend the deadline. All of us must get more disciplined. more  
What do you mean by disciplie??? Investors are not criminals/ offenders, Investors MUST be respected. SEBI must ensure, every Company should reach to the Investors and either arrange shareholdings be converted to demat form. Shareholders are owners and not beggars. ONUS should be on the Company. more  
Disagree. SEBI must must come out as saviour of the Investors and not as a dictator. The better option is SEBI should pay money @ market value on 31-Mar-19 to the investors who don't excercise this option of converting their holdings into demat form upto that date. more  
Please go thru how small investors are struggling to have correct address of co. in which they are shareholders. Even unable to get updated their address...all these have been summarised hence please visit<>; more  
Post a Comment

Related Posts

    • Dean of RML goes to Max for COVID 19 treatment

      Government hospitals in India are in pathetic state and that is confirmed by the dean of Ram Manohar Lohia hospital, a premier hospital under Delhi Government. The dean instead of gettin...

      By Seema Mehra
    • Unlock 1.0 - Lockdown Relaxation

      Attached latest lockdown rules from June 1. Seems like hot districts esp containment zones will be shut till June 30th. Details are there.

      By Amit Mishra
    • How Lockdown 5.0 should work post May 31st: Public Pulse

      Many of you participated in the LocalCircles polls on way forward on Lockdown post May 31st. Below is the survey results report:

      By LocalCircles Manager
    • 1 year of Modi Government 2.0 Performance: Survey Results

      Many of you participated in the circle survey to evaluate performance of 1 year of Modi Government 2.0. 1 year of Mo...

      By LocalCircles Manager
    • Standardizing Prices for COVID-19 treatment in private hospitals

      Some of you have shared information about how some private hospitals are charging exorbitant rates for COVID-19 treatment. Efforts by some of the LocalCircles members has led to results in Maharash...

      By LocalCircles Manager
    • Lockdown High Virus Load Districts

      67.2% of cases & 77.2% deaths of covid19 are concentrated in ONLY 20 districts (2.7%) of 🇮🇳 which have 10.5% of 1.35 billion popn. 50.8% cases & 53.2% of deaths of COVID-19 in 🇮🇳 are c...

      By Sarita S
    • Approach on Flights and Trains restarting

      Someone forwarded the LocalCircles survey report to me yesterday. It says that airline and railway traffic will drop soon after initial spikes

      By Harsimran Kaur
    • Covid-19 curve for India

      Everyone please see the attached. At this rate we will be at 2 lakh cases by June 1 and 10 lakh by July 1. While we are doing quite ok in Kerala, Mumbai and Delhi are in bad bad shape. ...

      By Sunita Varghese
    • 7 day mandatory quarantine after flights

      So Bangalore has announced all Incoming domestic flight passengers from Maharashtra, Rajasthan, Delhi, Gujarat, Tamil Nadu, Delhi & Madhya Pradesh will undergo 7 day institutional Quarantine fo...

      By Ashima Gupta

      Particularly at the time of crisis where the Fiscal health along with the public health is struggling to revive . The state is to exercise restraint on some areas where money is spent su...

      By Jayakumar Daniel
    • Super sincere thanks to LocalCircles

      I want to thank localcircles and all its members for taking up my complaints about exorbitant charges for covid19 treatment by Mumbai hospitals and even conducting polls. I am pleased to...

      By Seema Shah
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)