Issue of shares in demat form

This query is : Resolved

soundarya (Querist)
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07 May 2020 A company has entered into tripartite agreement with depositary and RTA for demat. But it has issued physical shares after that. Is that possible?

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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08 May 2020 According to Sebi, no transaction for transfer of securities of a listed company, at a stock exchange or an off-market transactions between buyers and sellers, can happen in physical certificate form. So, all shares held in physical after March 31 will become illiquid except for transmission and transposition

c.bakshi

c.bakshi (Expert)
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08 May 2020 IF ANY SHAREHOLDER REQUEST FOR A COPY OF PHYSICAL SHARES CERTIFICATE IN THAT CASE, THE DEPOSITORY THROUGH DP CAN PROVIDE PHYSICAL COPY OF SHARES. HOWEVER, THE SHARES UNDER THE DEPOSITORY MODE ARE FUNGIBLE THAT IS IT DO NOT BEAR ANY DISTINCTIVE NO AND LEDGER FOLIO.

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