Key Points
About 1-1.5% of shareholding in the securities market is still in the physical form, held through share certificates...
Investors holding physical share certificates have got a reprieve, with the Securities and Exchange Board of India extending the timeline for complying with know your customer (KYC) norms from March 31 to September 30...
It is now mandatory for all holders of physical securities in listed companies to furnish PAN, nomination, contact details, bank account details and specimen signature for their corresponding folio numbers to their registrar and transfer agents...
If shares or folios continue to remain frozen till December 31, 2025, RTAs and listed companies will have to refer such folios to the authority under the Benami Transactions (Prohibitions) Act, 1988, and/or Prevention of Money Laundering Act, 2002...
Several investors still hold physical shares due to reasons ranging from change in address, lack of awareness of their holding, death of the original allottee shareholder and investors leaving the country..
