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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