This circular is addressed to all Issuers and R&T Agents. It informs that amendments have been made to the NSDL Bye Laws and Business Rules pertaining to processing of Investor Service Requests for dematerialization of securities.

Amendments to NSDL Bye Law:

1. Bye Law – 9.2 – Dematerialisation.

Amendments to NSDL Business Rules:

1. Rule 11.1 – Dematerialisation of securities
2. Rule 16.2 – Records to be maintained by the Issuer or its Registrar and Transfer Agents

Insertion of new forms in Business Rules for Issuers / R&T Agents to facilitate processing the Investor Service Requests for dematerialization of securities:

1. Form 4.1 – Dematerialisation Conversion Request Form
2. Form 31.1 – Transposition form along with dematerialization conversion request
3. Form 32.1 – Form for Transmission along with dematerialization conversion request
4. Form 42.1 – Signature Verification form along with dematerialization conversion request

The amendments are enclosed as Annexure A, Annexure B and Annexure C (with track changes). R&T Agents are required to inform their client companies of the above and ensure compliance.