Clarification in case of transfer of securities in dematerialized form with a depository

In continuation to the amendment made in Regulation 40 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015) related transfer of securities in dematerialized form with a depository, following clarification has been issued by SEBI on August 10, 2018:
a. The investor has the option of holding shares in physical form even after December 5, 2018.
b. The amendment is not applicable for transmission and transposition cases.
c. Any investor who is desirous of transferring shares (which are held in physical form) after December 5, 2018 can do so only after the shares are dematerialized.