SEBI’s “Last Chance” Bonanza: Six-Month Window to Rescue Rejected Physical Share Transfers!

  • SEBI has announced a special six-month window from July 7, 2025, to January 6, 2026, giving investors a final opportunity to resubmit old physical share transfer requests that were previously rejected or returned due to documentation issues.

  • This initiative specifically covers transfer deeds lodged before April 1, 2019, which could not be processed earlier because of incomplete or incorrect paperwork.

  • All shares re-lodged during this window will be transferred only in dematerialised (demat) form, in line with SEBI’s push for a fully digital securities market.

  • The move comes after SEBI received numerous appeals from investors, listed companies, and Registrar & Transfer Agents (RTAs), who highlighted that many shareholders missed the earlier cut-off date of March 31, 2021, due to various difficulties.

  • A panel of legal experts, RTAs, and company representatives reviewed the situation and recommended this one-time relief to protect investor rights and ease the process of investing.

  • Listed companies and RTAs must set up dedicated teams to process these transfer-cum-demat requests efficiently and ensure compliance with SEBI regulations.

  • To maximize awareness, SEBI has directed all stakeholders—including companies, RTAs, and stock exchanges—to publicise this special window every two months across print and digital media.

  • Monthly reports detailing the number of applications received, processed, approved, or rejected must be submitted to SEBI, ensuring transparency and accountability.

  • This is a “last chance” for investors still holding physical share certificates that were previously stuck in limbo, as physical share transfers have been discontinued since April 1, 2019.

  • SEBI’s move is seen as a major step towards modernizing India’s capital markets and safeguarding the interests of legacy investors who risked losing their rightful shares due to procedural lapses.

  • Investors are urged to act swiftly and take advantage of this window to secure and dematerialise their holdings before the deadline closes.

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