Ease of doing Investment- Special Window for Transfer and Dematerialization of Physical Securities
In order to further facilitate the investors to get rightful access to their securities, the SEBI vide its circular no. HO/38/13/11(2)2026-MIRSD-PoD/I/3750/2026 dated January 30, 2026 decided to open another special window for transfer and dematerialization (“demat”) of physical securities which were sold/purchased prior to April 1, 2019.
The special window shall also be available for such transfer requests which were submitted earlier and were rejected/returned/not attended to due to deficiency in the documents/process/or otherwise.
This special window shall be open for a period of one year from February 05, 2026 to February 04, 2027.
The securities so transferred shall be mandatorily credited to the transferee only in demat mode and shall be under lock-in for a period of one year from the date of registration of transfer. Such securities shall not be transferred/lien-marked/pledged during the said lock-in period.
For clarity with regard to applicability of this window, below matrix may referred to:
| Execution Date of Transfer Deed | Lodged for transfer before April 01, 2019? | Original Security Certificate Available? | Eligible to lodge in the current window? |
|---|---|---|---|
| Before April 01, 2019 | No (It is fresh lodgement) | Yes | ✔ |
| Before April 01, 2019 | Yes (It was rejected/returned earlier) | Yes | ✔ |
| Before April 01, 2019 | Yes | No | X |
| Before April 01, 2019 | No | No | X |
The Transferee shall be mandatorily required to submit the following documents:
a. Original Security Certificate(s);
b. Transfer deed executed prior to April 01, 2019;
c. Proof of purchase by transferee, as may be available;
d. KYC documents of the transferee (as per ISR Forms);
e. Latest Client Master List (`CML’), not older than 2 months, of the demat account of the transferee, duly attested by the Depository Participant; and
f. Undertaking cum Indemnity as per the format at Annexure-A.
For better understanding please click on the following link:
