SEBI vide. press release has reiterated that any investor who is desirous of transferring shares after December 05, 2018 can do so only after shares are dematerialized. SEBI however, clarified that amendment doesn’t permit investor from holding shares in physical form, investor can hold shares in physical form even after Dec 05, 2018. SEBI also clarified that dematerialization is not required in case of transmission of shares.
from taxmann.com News https://ift.tt/2P4Ox0U
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