SEBI Corrigendum Sets 30-Day Timeline for Demat Credit

The Securities and Exchange Board of India (SEBI) has issued a corrigendum to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) to correct certain enabling provisions and editorial references.

The corrigendum aligns the regulatory references with the relevant provisions of the SEBI Act, 1992 and the Securities Contracts (Regulation) Act, 1956 (SCRA).

1. Clarification on Dematerialised Credit of Securities

The corrigendum clarifies that listed entities must credit securities in dematerialised form within 30 days in cases involving investor service requests.

These requests include:

• Split of securities
• Consolidation of securities
• Renewal of certificates
• Exchange of certificates
• Issuance of duplicate certificates

The requirement ensures timely processing of investor requests and promotes the use of the dematerialised mode for holding securities.

2. Editorial Corrections

The corrigendum also introduces editorial corrections to clause numbering in certain paragraphs of the regulations. These corrections are intended to ensure consistency and accuracy in cross-references within the LODR Regulations.

3. Objective of the Corrigendum

The corrigendum aims to:

• Correct the enabling provisions cited under the SEBI Act and SCRA
• Clarify compliance requirements for processing investor service requests
• Improve the accuracy and consistency of regulatory provisions under the LODR framework.