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Image  TRANSFER OF SHARES ONLY IN DEMATERIALISED FORM

The amendment of Regulation 40 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 vide notification dated June 8, 2018 has mandated that transfer of securities would be carried out only in dematerialised form w.e.f. December 5, 2018.

With a view to facilitate seamless transfer of shares in future and as advised by the Stock Exchanges, shareholders holding shares in physical form are requested to dematerialise their share holding in the Company.

Depending on whether the shareholder already has a Demat account or desires to open one now, the steps involved for dematerialisation of shares are as under:-

Shareholder(s) who are not having Demat

  • Shareholder(s) to open a Demat account with a Depository Participant (DP), registered with NSDL and/or with CDSL. (If you wish to open Demat account with Union Bank of India please visit the below link – http://www.unionbankofindia.co.in/personal_insurance_dematoverview.aspx
    You can also contact our Bank’s nearest Branch or E-mail demat for opening of Demat Account with our Bank. Please note that the shareholders are free to open their Demat account with any of the valid Depository Participant (DP) of their choice).
  • Thereafter, shareholder(s) to submit physical share certificate(s) along with Dematerialisation Request Form (DRF) to their respective DP.
  • The DP will intimate the Registrar & Transfer Agent (RTA) of the Bank of the request submitted by the shareholder(s) through the electronic system of NSDL/CDSL.
  • The DP will also submit the share certificate(s) and the DRF, submitted by shareholder(s) to the Registrar & Transfer Agent (RTA) of the Bank.
  • The Registrar & Transfer Agent (RTA) of the Bank after validation of the request will update the Register of Members and confirm to the Depository.
  • The Depository will credit the DP's account.
  • The DP will credit respective Demat account.
Shareholder(s) who are having Demat account
  • Shareholder(s) to submit physical share certificate(s) along with Dematerialisation Request Form (DRF) to their respective DP.
  • The DP will intimate the Registrar & Transfer Agent (RTA) of the Bank of the request submitted by the shareholder(s) through the electronic system of NSDL/CDSL.
  • The DP will also submit the share certificate(s) and the DRF, submitted by shareholder(s) to the Registrar & Transfer Agent (RTA) of the Bank.
  • The Registrar & Transfer Agent (RTA) of the Bank after validation of the request will updates the Register of Members and confirm to the Depository.
  • The Depository will credit the DP's account.
  • The DP will credit respective Demat account.


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