If you’ve been holding onto dusty share certificates—your grandfather’s Reliance or Tata Motors shares, or maybe your own early investments—you’re not alone. Many investors never completed the paperwork to dematerialize them, and those certificates simply gathered dust. But now, SEBI is stepping in with a one-time, final opportunity to escape that analog limbo.
On July 2, 2025, the Securities and Exchange Board of India (SEBI) issued a circular opening a six-month window (July 7, 2025 – January 6, 2026) for investors to re-lodge pending physical share transfer requests submitted before April 1, 2019. Whether your transfer deed was rejected, returned, or left pending, you now have until January 6, 2026, to get it converted—only into dematerialised (demat) form.
This is a solution to real, frustrating problems: name mismatches, missing KYC, succession delays, or lost paperwork. SEBI heard this from investors, RTAs, and companies—and acted fast.
Many of us inherited shares from past generations. These are not just certificates—they represent ownership in companies you care about. Until now, without correct paperwork, they were legally your “ghost shares.”
Once in demat form, shares can be:
Sold instantly,
Pledged for loans,
Included in your investment portfolio and SIP schemes.
Officially converting shares prevents legal battles over ownership and simplifies estate planning—no more missing or misplaced stock.
Heirs or legal successors dealing with deceased family member’s shares
Name-discrepant shareholders (e.g., Shweta vs Shweeta)
Senior citizens who couldn’t complete demat formalities
NRIs facing KYC and paper hurdles abroad
SEBI specifically mentioned only-listed companies, and requests must pre-date April 1, 2019
Collect Physical Share Packets
Original share certificates, DRFs (Demat Request Forms), PAN, Aadhaar, bank proof, death certificate (if applicable), etc.
Submit Transfer-Cum-Demat Request to RTA
Use the right Registrar and Transfer Agent—KFin, Link Intime, or Bigshare—to re-lodge your DRF.
Verification & Processing
RTA and company will:
Check original certificates and IDs,
Fix name/KYC issues (even via affidavits),
Debit the physical, credit your demat account within 30 working days
Track Progress
RTAs and listed companies must publish updates every two months on media, and report monthly to SEBI—so your case won’t get buried again.
| 🔹 Item | 🔸 Details |
|---|---|
| Window | July 7, 2025 – January 6, 2026 |
| Only applicable to | Listed companies, pre-2019 physical shares |
| Transfer mode | Straight to demat—no return to paper |
| RTA deadline | 30 working days to process |
| Publicity | Every 2 months by RTAs/companies |
| Monthly SEBI reports required | Yes |
After January 6, 2026:
No more transfers allowed.
Physical share owners will be left with certificates that can’t be sold or pledged.
SEBI has emphasized this is the last window, so action now is vital
You’ll need to apply for a duplicate via RTA before submitting the DRF.
Yes, with a transmission or succession form + legal heir documents + death certificate.
Nominal fees (~₹50–₹100 per certificate) may apply. Marfo.in offers transparent support with no hidden charges.
No. Only currently listed companies on NSE/BSE are covered.
Free eligibility check: send us your certificate & date—our team assesses your case.
We handle document prep and submission to RTA.
Track your case until demat credit—so you stay informed, not in paperwork limbo.
No demat? No problem. Open for free through Marfo Strategies and get:
Benefit | Description |
|---|---|
| Zero account fees | No charges to open demat/trading |
| Quick KYC + onboarding | Paperless and fast |
| One account for all shares | New & legacy holdings, IPOs, mutual funds |
| Integrated support | Marfo.in helps with everything |
Call +91 96536 49303 or email info@marfo.in—we’ll guide you step by step.
This is truly a one-time, last call from SEBI. If you have old physical shares—regardless of age—you must act before January 6, 2026.
Don’t let paperwork and name mismatches lock away your financial legacy.
Let Marfo.in guide you from confusion to demat, ensuring your holdings are fully yours—free from past burdens.
Time is ticking. Act now, bring your shares into the future, and gain control of your investments again.
