Circulars issued by Stock Exchanges to Listed Companies – Amendment to Regulation 40 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Stock Exchanges have issued Circulars to Listed Companies as referred above informing about amendment to Regulation 40 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. SEBI vide Gazette notification dated June 8, 2018 has mandated that transfer of securities would be carried out in dematerialized form only.
According to above referred Circulars, request for effecting transfer of securities shall not be processed unless the securities are held in the Dematerialized form with the depository with effect from December 5, 2018. Therefore, please note that LORDS ISHWAR HOTELS LIMITED (“the Company”) and BIGSHARESERVICES PRIVATE LIMITED(“the RTA”), its Registrar and Share Transfer Agent (RTA)will not be accepting any request for transfer of shares in physical form with effect from December 5, 2018. This restriction shall not be applicable to the request received for transmission or transposition of physical shares.
You may access the Circular from the website of BSE Limited using the following link:
You may access the Circular from the website of National Stock Exchange of India Limited using the following link:
Shareholders are accordingly advised to get in touch with any Depository Participant having registration with SEBI to open a Demat account or alternatively You may also visit website of depositories, viz., NSDL or CDSL for further understanding about the demat procedure:
NSDL website: https://nsdl.co.in/faqs/faq.php (dematerialization)
CDSL website: https://www.cdslindia.com/investors/open-demat.aspx
Shareholders, holding shares in physical form are requested to arrange the dematerialization of your shares at earliest to avoid any inconvenience in future for transferring those shares.