SEBI has recently amended relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to disallow listed companies from accepting request for transfer of securities which are held in physical form with effect from December 5, 2018. The shareholders who continue to hold shares and other types of securities of listed companies in physical form even after this date, will not be able to lodge the shares with company / its RTA for further transfer. They will need to convert them to demat form compulsorily if they wish to effect any transfer. Only the requests for transmission and transposition of securities in physical form, will be accepted by the listed companies / their RTAs.
This amendment will help in curbing fraud and manipulation risk in physical transfer of securities by unscrupulous persons. Further, with shares held in demat form will improve ease, convenience and safety of transactions for investors.
All the investors who are holding shares etc. in physical form, should consider opening a demat account at the earliest and submit request for dematerialisation of their shares in order to protect the liquidity of the shares. You may help your friends/relatives who may be holding shares in physical form by informing them about this change. NSDL team will be happy to help if you have any queries in this regard. You may reach us at email@example.com or 1800222990.
To facilitate officials of Participants to prepare and appear for NISM - Series VI Depository Operations Certification Examination (DOCE), NSDL conducted six training programmes at Ahmedabad, Chennai and Mumbai in July 2018.
NSDL, a NISM Accredited Continuing Professional Education (CPE) Provider offers CPE training programmes in different modules like Depository Operations, Mutual Fund, Currency Derivatives, Equity Derivatives, Securities Operations and Risk Management, Registrars to an Issue and Share Transfer Agents - Corporate, Merchant Banking, Investment Advisor Level etc. for eligible associated persons. In July 2018, NSDL conducted six such training programmes at Ahmedabad, Hyderabad, Indore Kolkata, Mumbai and New Delhi.
During July 2018, NSDL conducted a training programme on various operational and procedural aspects of Prevention of Money Laundering Act, 2002 for the staff of Participants at Mumbai.
In order to reach out to investors that are spread across the country to apprise them about the facilities available in NSDL depository system and educate them about financial markets, NSDL conducts various Programmes with Participants, Housing Societies, Institutions like SEBI, NSE, corporates etc. and also participates in various events. During July 2018, NSDL conducted / participated in 39 such programmes / events which were attended by more than 2,800 investors. Details are mentioned below:
|1||Joint Awareness Programmes with Participants||No. of Programmes|
|YES Bank Limited||9|
|CSE Capital Markets Private Limited||2|
|Geojit Financial Services Limited||2|
|Acumen Capital Market (India) Limited||1|
|BMA Wealth Creators Limited||1|
|IFCI Financial Services Limited||1|
|Kotak Securities Limited||1|
|Nirmal Bang Securities Private Limited||1|
|SBICAP Securities Limited||1|
|Shah Investors Home Limited||1|
|Swastika Investmart Limited||1|
|2||Joint Awareness Programmes with other Institutions||No. of Programmes|
|National Stock Exchange of India Limited||8|
|Securities and Exchange Board of India||2|
|3||Corporate Awareness Programmes||No. of Programmes|
|Hexagon Capability Center India Private Limited at
|4||Participation at Events||No. of Programmes|
|National Conference Corporate Bond Market
organised by ASSOCHAM at Mumbai, Maharashtra
|5||Workshop for College||No. of Programmes|
|Sreenivasa Institute of Technology and Management
Studies at Chittoor, Andhra Pradesh