Securities and Exchange Board of
India issued a circular dated 15 September,
2016 to Standardize and Simplify the
Procedures for Transmission of Securities with a view to make the process more
efficient and investor friendly.
SEBI has issued this circular to
clarify the points mentioned in Clause 2
of the Annexure A namely Documentary requirement for securities held in
physical mode. As per the directions of the SEBI all the stock exchanges and
the depositors are requested to comply with the same at the earliest and not
later than 45 days from the date of
issue of the circular.
The objective of the
clarification is to protect the interests of investors in securities and to
promote the development of, and to regulate the securities markets and clarify
the investor complaints.
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