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Transfer of shares of listed firms must be in demat mode from Dec 5

Sunday, July 15, 2018, 4:17 PM

Transfer of shares of listed companies has to essentially be in dematerialised mode from December 5, according to markets regulator Sebi. In a recent notification, the regulator announced the amendment to the LODR (Listing Obligations and Disclosure Requirements) Regulations pertaining to share transfer agent. Shares in the demat form will help in having a transparent record of shareholding at companies.