SEBI vide its Circular No. SEBI/HO/DOP1/CIR/P/2018/73 dated April 20, 2018, has made it mandatory to register PAN and Bank account details for the security of the holders holding securities in physical form.
The security holders whose folio(s) do not have complete details like their PAN and Bank Account details, or who have not updated the changes in the bank account details provided earlier, have to compulsorily furnish these details to the Company/Depository Participant for registration/updation.
Pursuant to SEBI Listing Regulations as amended (w.e.fMarch 31, 2019) and BSE Circular No. LIST/COMP/15/2018 dated July 5, 2018, SEBI has mandated that transfer of securities would be carried out in dematerialized form only.
In accordance to this mandate,, the request for effecting transfer of securities shall not be processed unless the securities are held in the Dematerialised form with the depository, with effect from March 31, 2019. Hence the Company will not accept any request for transfer of shares in physical form with effect from March 31, 2019. This restriction shall not apply to the request received for transmission or transposition of physical shares.