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 firstname.lastname@example.org | 022 - 24994200.
To facilitate officials of Participants to prepare and appear for NISM - Series VI Depository Operations Certification Examination (DOCE), NSDL conducted two training programmes at Bengaluru and New Delhi in June 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 1 and 2, etc. for eligible associated persons. In June 2018, NSDL conducted eight such training programmes at Ahmedabad, Chennai, Kolkata, Mumbai and New Delhi.
NSDL conducted a two day training programme for Issuers and Registrar & Transfer Agents at Mumbai in June 2018. This training programme enables officials of Issuers and Registrar & Transfer Agents to keep themselves updated about NSDL operations and systems.
NSDL conducted three training programs for Auditors of its Participants in the month of June 2018 at Mumbai, Chennai and Ahmedabad. Program covered operation, processes, systems and audit of the Depository Participants.
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 June 2018, NSDL conducted / participated in 22 such programmes / events which were attended by more than 2,000 investors. Details are mentioned below:
|1||Joint Awareness Programmes with Participants||No. of Programmes|
|Ventura Securities Limited||7|
|CSE Capital Markets Private Limited||4|
|SBICAP Securities Limited||2|
|ICICI Bank Limited||1|
|KIFS Trade Capital Private Limited||1|
|Shah Investors Home Limited||1|
|SMC Global Securities Limited||1|
|Swastika Investmart Limited||1|
|2||Joint Awareness Programmes with other Institutions||No. of Programmes|
|National Stock Exchange of India Limited||2|
|3||Participation at Events||No. of Programmes|
|National Conference Corporate Bond Market
organised by ASSOCHAM at Coimbatore, Tamil Nadu
|ICC Retail Savings Summit organised by Indian
Chamber of Commerce at Ranchi, Jharkhand