There are many buyers who had bought Physical shares many years ago and paid in full to the Sellers . But they could not get these transferred because of some reasons including new Govt requirements like PAN / ADHAAR Card copy of Sellers . Sellers had vested interest in not co-operating .
Finally all Physical Transfers were stopped by SEBI.
But Some time was given to those investors who had bought shares, before the new guidelines were prescribed , to get them transferred to their names .
An Undertaking was allowed by SEBI in the following Format ;-
But this Waiver is coming to an end on 31 st March ,2021 .
SEBI should consider an extension in this deadline as more than One Year has been wasted because of the Corona pandemic .
RTA Offices are not functioning from their commercial / official addressed but their staff members working from their homes .
This has meant delays in pursuing the cases of Transfer of Physical shares .
Many such hapless buyers are Senior Citizens who desperately need to monetise their rightfully bought shares . But they cannot do this till such are transferred to their names .
So , SEBI / Govt must consider Extending the Deadline for at least One Year beyond 21/03/2021.
Blog ; Please Recheck all Facts Independently also.