Important notification regarding transfer of securities



Important notification regarding transfer of securities

Dear Customer, Greetings from ICICI Bank. We would like to draw your attention towards Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018 notification dated June 8, 2018 which inter alia, requires that with effect from December 05, 2018, transfer of securities shall not be completed unless the securities are held in the dematerialised form. Except in case of transmission or transposition of securities, request for effecting transfer of physical securities of listed companies shall not be completed after December 05, 2018 unless they are held in the dematerialised form. SEBI vide its Press Release no. 34/2018 dated August 10, 2018 has clarified that the mentioned amendment does not prohibit the investor from holding shares in the physical form, and investor has the option of holding shares in physical form even after December 05, 2018. However, any investor who is desirous of transferring shares (which are held in physical form) after December 05, 2018 can do so only after the shares are dematerialised. In case you wish to dematerialise your existing physical shares, visit the nearest ICICI Bank Demat Servicing Branch and submit the Dematerialisation Request Form, along with the share certificate to dematerialise physical shares, if any.

to download the Dematerialisation Request Form. The form is also available at the nearest ICICI Bank Demat Servicing Branch.

In case you require any further information, you may call our Customer Care between 08:30 a.m. and 06:00 p.m. or visit the nearest ICICI Bank Demat Servicing Branch. Looking forward to your co-operation in helping us serve you better.   Sincerely, Neelakantan Pillai

Terms, rights and obligations and rate card issued at the time of account opening shall govern the use of these services.