Re-lodgement of Transfer Requests of Shares
Summary
The circular establishes March 31, 2021, as the cut-off date for re-lodging transfer deeds rejected prior to April 1, 2019. It mandates that all shares resulting from such re-lodged requests must be issued exclusively in dematerialized mode. This directive is issued under Section 11(1) of the SEBI Act, 1992, to protect investor interests.
Text
It has been decided to fix March 31, 2021 as the cut-off date for re-lodgement of transfer deeds.
The shares that are re-lodged for transfer (including those request that are pending with the listed company / RTA, as on date) shall henceforth be issued only in demat mode.
Source: SecMarx — Re-lodgement of Transfer Requests of Shares. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.