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    010 Ban On Physical Share Transfer of Listed Co. by CA Vikas Jain

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    Divya_001
    The document discusses the large problem of unclaimed physical investments in stocks, mutual funds, insurance, and other assets totaling over Rs. 608,923 lakh crores in India. It outlines the many hassles investors face when trying to claim these assets from various organizations. The document promotes the services of Share Samadhan to help investors solve issues related to transferring physical shares and claiming unclaimed investments.

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    010 Ban On Physical Share Transfer of Listed Co. by CA Vikas Jain

    Uploaded by

    Divya_001
    52 views10 pages
    The document discusses the large problem of unclaimed physical investments in stocks, mutual funds, insurance, and other assets totaling over Rs. 608,923 lakh crores in India. It outlines the many hassles investors face when trying to claim these assets from various organizations. The document promotes the services of Share Samadhan to help investors solve issues related to transferring physical shares and claiming unclaimed investments.

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    Ban on Physical Share Transfer of Listed Co. by CA Vikas Jain

    Original Title

    010 Ban on Physical Share Transfer of Listed Co. by CA Vikas Jain

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    The document discusses the large problem of unclaimed physical investments in stocks, mutual funds, insurance, and other assets totaling over Rs. 608,923 lakh crores in India. It outlines the many hassles investors face when trying to claim these assets from various organizations. The document promotes the services of Share Samadhan to help investors solve issues related to transferring physical shares and claiming unclaimed investments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    52 views10 pages

    010 Ban On Physical Share Transfer of Listed Co. by CA Vikas Jain

    Uploaded by

    Divya_001
    The document discusses the large problem of unclaimed physical investments in stocks, mutual funds, insurance, and other assets totaling over Rs. 608,923 lakh crores in India. It outlines the many hassles investors face when trying to claim these assets from various organizations. The document promotes the services of Share Samadhan to help investors solve issues related to transferring physical shares and claiming unclaimed investments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 10

    You Deserve Your Money back

    Ban on Physical Share Transfer of


    Listed Company
    - Problem and Solutions

    CA Vikash Jain

    Organized by -CAVM
    Just imagine these Situation

    30,000 death in Gujrat 400 daily death in Road Around 100 daily rail accident
    Earthquake in fraction Accident In India Death in India in 2014
    Of seconds 3000 in world

    One Sudden Cardiac Documents may be Theft /


    gutted in fire Floods
    Arrest in every 33 Document
    Sec. misplace
    How bigger is the problem ?
    Value of Unclaimed / Physical Investment in the country
    is more than Rs 6,08,923 Lakhs Crore
    Stocks / Mutual
    Fund : Rs. Unclaimed
    5,35,000 Crores Provident Fund :
    lying in physical Rs 43,000 Crores
    form

    Unclaimed Unclaimed Bank


    Insurance : Account:
    Rs 15,166 Crores Rs 11,302 Crores

    Unclaimed
    Unclaimed Post
    Corporate
    Office accounts :
    Dividends :
    Rs 9,395 Crores
    Rs 3,454 Crores
    All hassles for an Investor !!!
    Does Anyone want their family to roam around from pillar to post to
    claim the investment ? Too many touch point to recover
    Investments…..

    • Company • RTA • SEBI


    • C.S • MCA • NCLT

    • PF office • Banks • Legal Advisor


    • PF trust • RBI • Courts

    • Broking Firm
    • Insurance Co. • Post office
    • Financial
    • IRDA • CA
    Advisor
    Shares & Securities
    Critical Problems faced by Investors
    •Shareholders might have lost all the share certificates.

    •Transferor might have sold the shares but claims it back


    fraudulently

    •Shares sold by Transferor while as per IEPF it can be claimed


    by Registered holder only.

    •Mutual Fund certificates purchased but not transferred since


    long can be transferred by transferee in his favor only if In
    Person Verification of Transferor can be done.
    Transfer of Shares
    •Form SH-4 dully filled, signed and executed

    •Pan Card of Transferor mandatory as per Regulation 40(7) and 61(4) of


    SEBI (Listing Obligation & Disclosure Requirements) Regulation, 2015.
    However SEBI circular dated 06th November, 2018 has given
    exemptions if shares are purchased before 01st December, 2015.
    2015

    •KYC documents of Transferee

    •Signature verification of Transferor from bank as per format given by


    RTA (Registrar & Transfer Agent)

    •Stamp Duty to be paid @ 0.25% of market value of shares


    Physical Shares transfer last date 31.3.19

    •However as per Regulation 40 of SEBI


    (LODR)(Amendment) Regulation, 2018, Transfer of Physical
    shares will not be allowed after 31st March, 2019 (Earlier
    deadline was 05th December, 2018)

    •Exception is : Transmission or transposition of securities,


    SEBI Circular dated 06th November, 2018 for Transfer of
    Shares:
    Shares can be transferred even if Transfer Deeds
    are executed prior to notification of LODR (01st
    December, 2015), without PAN of Transferor

    Shares can be transferred even in case of Mismatch of


    Name of transferor on PAN and Share Certificate

    Shares can be transferred even in case of Non availability


    Mismatch of Signatures of Transferor

    In case Transferor is not approachable or is not co-operating, RTAs need


    to make a public announcement in this regard with a waiting period of
    30 days
    If No objection after 30 days of advertisement, Shares can be transferred by
    RTAs by asking for Indemnity Bond and Address proof of Transferee and also
    an Undertaking that Transferee shall not sell / demat shares within 6 months
    of transfer of shares in his favor.
    Shares & Securities
    ASTONISHING FACTS

    RS 10000 of Wipro Rs 10,000 of CIPLA Rs 10,000 of Infosys

    Today’s worth is Today’s worth is Today’s worth is


    more than 750 cr more than 100 cr more than Rs 150 cr

    9
    We would be glad to hear
    from you….

    CA Vikash Jain
    Co-founder, Share Samadhan
    [email protected]
    997 111 3156

    Regd office
    B 35, Lower Ground Floor,
    South Ex Part II, New Delhi- 110049 (India)
    M: +91 8800332200| P: +91 11 4908 4001 (60 lines)
    ww.sharesamadhan.com
    10

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