The Securities and Exchange Board of India (SEBI) recently issued a circular, addressing concerns...

The Securities and Exchange Board of India (SEBI) recently issued a circular, addressing concerns regarding the transfer of securities in dematerialized mode. This circular, aimed at safeguarding investors' interests, introduces several measures to prevent fraud and misappropriation related to inoperative demat accounts. - Depositories are instructed to prioritize investor education, particularly regarding the careful preservation of Delivery Instruction Slips (DIS) by Beneficial Owners (BOs). BOs are advised against leaving blank or signed DIS with Depository Participants (DPs) or any other entity. .....

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