SEBI vide Notification No. SEBI/LAD-NRO/GN/2018/24 on Friday 8th June, 2018 has issued
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018 to amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 wherein,
(i) in regulation 7, in sub-regulation (2), the words “both physical and electronic” shall be omitted.
(ii) in regulation 40, in sub-regulation (1), –
- the symbol “.” shall be substituted with the symbol “:”;
- the following proviso shall be inserted, namely, –
“Provided that, except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository.”
(iii) in Schedule VII, in clause A, sub-clause (2) shall be omitted.
The said Notification can be accessed from the following link:SEBINotf._8.6.18_SEBI (LODR) 4th ammend. Reg,2018