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Investing In Shares: SEBI Extends Timeline For Investor Request And Compliances
SEBI in view of the lockdown has extended the timeline for various investor complaints as well as request concerning securities as well as compliance. The relaxation of time shall be at par with the extension of the lockdown duration that is due to be declared formally by the prime minister today. So, those investing in shares need to pay heed to the announcement.
As per the circular it is noted that agencies issuing investment papers as well as instruments as well as R&T agents are operating with minimal staff strength.
So, for the purpose SEBI has listed out 12 types of investor requests as well as compliance needs for which the relaxation is allowed.
1. Processing of rematerialisation request ( conversion of share in demat account to physical securities)
2. Name change
3. Transmission
4. Replacement of share certificate
5. Amalgamation of folio for physical shares etc.
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