A standardised procedure for the transfer of securities in physical mode has been provided by SEBI in consultation with RAIN (Registrars Association of India). The documentation/procedure for transfer of physical securities is modified, vide circular dated Novembre 6, 2018, which includes:
- Transfer deeds executed prior to notification of LODR may be registered with or without the PAN of the transferor, in case of non-availability of PAN.
- Additional documents are prescribed in case of mismatch of the name in PAN card vis-à-vis name on share certificate/ transfer deeds.
- The procedure to be followed by RTA/company in case of major mismatch / Non-availability of transferor’s signature has also been provided along with the lock- in details of securities in such case.
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