The Securities Exchange Board of India (Sebi) on June 8, 2018 issued a new set of amendments under the Sebi Regulations 2018. This amendment, starting April 1, 2019, will not allow investors holding shares of listed companies in physical form to transfer them. Initially the date of applicability of this amendment was December 5, 2018, which has now been extended to April 1, 2019. Investors holding shares of listed companies in physical form, starting April 1, 2019, will be only allowed to transfer or sell them if they have been converted to dematerialised form (Demat Form).
Amit Pathak, Director contributed an article on Holding shares in physical form? You need to change them to demat form before April for Financial Express.