Sebi proposes mandatory dematerialisation of securities in case of stock split, consolidation
- Posted on January 14, 2025
- By Business News Today
- 2 Views
Sebi proposes mandatory dematerialisation of securities in case of stock split, consolidation
If an investor lacks a demat account, the issuer company will be obligated to open a separate demat account with a suitable ownership ledger (suspense escrow account) to manage such securities. This move aims to amend the existing SEBI (LODR) Regulations, 2015, according to the market regulator's proposal.
