Share Transfer Registration by Listed Companies

The Securities and Exchange Board of India [SEBI], India's top regulator for capital markets slashes the time lines for registering the transfer of shares to 15 days. What was 30 days until now, has become 15 days and Listed Companies have to be on their toes as any delay will enable the investor concerned to claim compensation by way of damages for opportunity losses suffered by investors due to delay in adhering to this time limit. this reduction was made by SEBI in consultation with Registrars Association of India called RAIN! This reduced time limit applies to debt securities too. Accordingly listing agreement for equity shares, listing agreement for SME Sector and Listing Agreement for debt securities have all been amended!

It rains in favour of the investors while compliance officers would face the music!


Refer SEBI Circular CIR/MIRSD/8 /2012 dated July 05 , 2012 


KSR