The description comes afterwards the Sebi accustomed several calls apropos the account of its directive.
The regulator, in July, had said that alteration of shares of listed companies has to about be in dematerialised approach from December 5.
“The new alteration does not prohibit the broker from captivation the shares in concrete form, broker has the advantage of captivation shares in concrete anatomy alike afterwards December 5, 2018,” the Securities and Exchange Board of India (Sebi) said in a statement.
The new aphorism is not applicative for alteration of appellation of shares by way of bequest or assumption and interchanging of the adjustment of name of shareholders.
Besides, the regulator said that any broker who is acquisitive of appointment shares, which are captivated in concrete form, afterwards December 5 can do so alone afterwards the shares are dematerialised.
Shares in the demat anatomy will advice in accepting a cellophane almanac of shareholding at companies amidst ascent apropos over benign buying of entities.
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