Major changes in the stock market from 1st April, Demat form will be the sale of shares||AllBestNews||

Major changes in the stock market from 1st April, Demat form will be the sale of shares

There will be a major change in the Indian stock market from April 1. Under this change, the purchase of shares will be sold only through the demat form.

If you buy and sell shares in the stock market then you have the necessary news. In fact, the transfer of shares of listed companies will be done only in electronic form from 1st April. However, those investors who have shares in physical form will be able to keep it.

On behalf of the Securities and Exchange Board of India (SEBI), it was said, "Investors will not be bound to keep their shares physical. However, if an investor wants to transfer shares held in physical possession, then after 1 April 2019, such shares can be done only after being in the demat form.

Explain that the mandatory transfer of shares to the demat or electronic form was made in March 2018. SEBI extended the deadline for electronic share transfer to April 1, 2018. Now SEBI has decided not to extend this deadline. That is, this rule will come into effect from 1 April 2019. SEBI says that the shareholding records of companies will be transparent by the purchase and sale of shares in the demat form. Apart from this, the dispute over ownership of companies will be reduced.

What is the physical form of shares

Before buying shares of a company, the share certificate was given to the investors. This is called physical stock, this process is not online. But in order to convert physical shares into demat form, investors will have to first open a demat account. While opening a demat account, the investor has to give his details. After the demat account is open, they will have to fill the Demat Request form for every share. After this, their physical shares will be transferred to the demat account.

SEBI exempted government from open offer in PNB

At the same time SEBI has allowed the government to bring an open offer to shareholders of Punjab National Bank. However, after the regulator put the capital, the non-

Directed to cut public shareholding. Explain that Punjab National Bank (PNB) had sought an exemption from the open offer required under the acquisition regulation by issuing application from the Central Government in February. Under the SEBI rules, if an entity's share exceeds a certain limit, then it is necessary to make an open offer. After capital infusion of PNB, the government stake will increase by 5.19 percent and it will be 75.41 percent.