Important Announcements for Physical Shareholders 2
As an on-going measure to enhance ease of dealing in securities markets by investors, SEBI vide its Circular no SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, has directed the listed comp anies to issue the securities in dematerialized form only, while processing the following service request:
| S. No. | Particulars |
|---|---|
| 1. | Issue of duplicate securities certificate |
| 2. | Claim from Unclaimed Suspense Account |
| 3. | Renewal / Exchange of securities certificate |
| 4. | Endorsement |
| 5. | Sub-division / Splitting of securities certificate |
| 6. | Consolidation of securities certificates/folios |
| 7. | Transmission and Transposition |
Key highlights of said circular:
| S. No. | Particulars |
|---|---|
| 1. | The securities holder/claimant shall submit duly filled up Form ISR-4 to RTA/ Company |
| 2. | The RTA / Company shall issue a ‘Letter of confirmation’ in lieu of physical securities certificate(s), to the securities holder/claimant within 30 days of its receipt of such request in Form ISR-4 |
| 3. | The ‘Letter of Confirmation’ shall be valid for a period of 120 days from the date of its issuance, within which the securities holder/claimant shall make a request to the Depository Participant for dematerializing the said securities |
| 4. | The RTA / Company shall issue a reminder after the end of 45 days and 90 days from the date of issuance of Letter of Confirmation, informing the securities holder/claimant to submit the demat request as above, in case no such demat request has been received by the RTA / Issuer Company. |
| 5. | If securities holder/claimant fails to submit the demat request within the aforesaid period, RTA / Company shall credit the securities to the Suspense Escrow Demat Account of the Company. |
For further details/ procedure, refer SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022
In case of any query / assistance, kindly contact our RTA at the details provided below:
MUFG Intime India Private Limited
(Formally knowns as 'Link Intime India Private Limited')
247 Park, C-101, 1st floor, L.B.S Marg, Vikhroli (West), Mumbai-400083.
Tel no. +91 22-49186270 (From 09:30 a.m. to 6:00 p.m. on all working days)
Email id: [email protected]
Website: web.in.mpms.mufg.com