S.K. INFOSOLUTIONS PVT. LTD.

Notice

SEBI CIRCULAR - Ease of Doing Investment and Ease of Doing Business – Doing away with requirement of issuance of Letter of Confirmation (“LOC”) and to effect direct credit of securities in dematerialisation account of the investor

HO/38/13/(3)2026-MIRSD-POD/I/3763/2026 (January 30, 2026 )
1. SEBI has prescribed the procedure for credit of securities issued pursuant to
various investor service requests such as issuance of duplicate securities
certificates, transmission, transposition, claim from unclaimed suspense account
and corporate actions, in dematerialised (“demat”) mode vide para 13, 20, 22, 23
and Annexure-7, Annexure-15 and Annexure-20 of Master Circular for Registrars
to an Issue and Share Transfer Agents (“RTAs”) dated June 23, 2025 (“Master
Circular”).
2. In order to simplify the process for credit of securities pursuant to investor service
requests by reducing the timelines, risk of loss and pilferage, it has been decided
to do away with the requirement of issuance of LOC.
3. To implement this, the Depositories shall develop a process/system to enable
RTAs/listed companies to credit the securities directly to the demat account of the
investor after necessary due-diligence by RTAs/listed companies.
4. The investor service request shall be accompanied with a copy of the latest Client
Master List (“CML”) of the demat account. Such CML shall not be older than two
months and shall be duly attested by the Depository Participant (“DP”).
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