Is SEBI Opening a 6-Month Special Window for Re-Lodgement of Transfer Deeds from July 7?

Synopsis
Key Takeaways
- SEBI opens a 6-month special window for re-lodgement of transfer deeds.
- Opportunity available for deeds lodged before April 1, 2019, that were not processed.
- Re-lodged securities will be issued in demat format only.
- Listed companies and RTAs are tasked with promoting this initiative.
- Investors must ensure proper documentation for successful re-lodgement.
Mumbai, July 2 (NationPress) In a move aimed at promoting investment ease and safeguarding investors' rights, the Securities and Exchange Board of India (SEBI) has announced the initiation of a special window exclusively for the re-lodgement of transfer deeds that were submitted before the April 1, 2019, cutoff. These deeds may have been returned, rejected, or left unattended due to document deficiencies or other issues.
This opportunity will span six months, commencing on July 7, 2025, and concluding on January 6, 2026.
According to a recent circular from the market regulator, the securities re-lodged during this timeframe will be processed solely in demat mode.
SEBI has also instructed listed firms, RTAs, and stock exchanges to actively promote the availability of this special window through diverse media channels, including both print and digital platforms, on a bi-monthly basis throughout the six months.
In a statement, SEBI highlighted that this initiative was a result of discussions held by a Panel of Experts, which included RTAs, listed companies, and legal professionals. The panel proposed granting one additional opportunity to investors who missed the March 31, 2021, deadline for re-lodging their shares for transfer.
It's important to note that the transfer of securities in physical form was ceased effective April 1, 2019.
Furthermore, SEBI clarified that transfer deeds submitted prior to this deadline, but which were rejected or returned due to documentation issues, can now be re-lodged with the necessary paperwork.
The March 31, 2021, deadline was established as the final date for re-lodgement of transfer deeds.
This decision follows numerous requests from investors, RTAs, and listed companies who were unable to meet the re-lodgement timelines.
Recently, SEBI also rolled out significant reforms aimed at improving the efficiency, inclusivity, and investor-friendliness of Indian financial markets.
These reforms were ratified during a board meeting chaired by Tuhin Kanta Pandey on June 18.