Is Paytm a public company?
One 97 Communications Limited (“Paytm”) went public on November 18, 2021. Equity shares of the Company have been listed on the National Stock Exchange of India Limited and BSE Limited.
How do I transfer shares of the Company?
With an aim of curbing fraud and manipulation risk in physical transfer of securities, SEBI via its various circulars/press releases specified that with effect from April 1, 2019, except transmission or transposition of securities, requests for effecting transfer of securities in physical mode shall not be processed unless the securities are held in the dematerialized form with a Depository. In view of the above and the inherent beneﬁts of holding shares in electronic form, we urge the members holding shares in physical form to opt for dematerialization.
For transfer of shares held in demat mode, you are requested to approach your Depository participant (‘DP’) with whom you are maintain your demat account for transfer of shares.
How do I convert my paper/physical certificates into an electronic holding? [Dematerialization]
To dematerialize your holding, you should first have an account with a Depository Participant (DP) in a same sequence of name as appearing on physical share certificate(s). You may then hand over to your DP, the certificates along with the 'Dematerialization Request Form' (DRF). Only the shares registered in your name can be submitted for dematerialization. Your DP will then send the DRF and the certificates to the RTA of the Company, and an electronic request will also be sent through the NSDL/CDSL network reconfirming the same. The RTA will verify the documents and if found in order, the dematerialization request will be confirmed to NSDL/CDSL who will in turn inform your DP. In the books of the Company, your folio with RTA will be debited and the account of NSDL/CDSL will be credited in respect of such dematerialized shares. NSDL/CDSL in their electronic records will credit the account of your DP who will then credit your account with the number of shares that have been dematerialized and the shares will thereafter be held in electronic form. This process would take approximately 15-20 days