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The Securities and Exchange Board of India (SEBI), has given investors more time to convert shares and other securities held in physical certificate format into demat.
The deadline has been revised to April 1, 2019, from December 5, 2018.
SEBI has made it mandatory to hold the shares and securities in dematerialised form with a depository for investors keen to in trade them after December 5.
Investors were advised to complete the KYC process before the due date.
This led investors to rush to the registrar and transfer agents for requisite paperwork. |
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