Pursuant to SEBI Notification dated June 8, 2018, on Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018, Listed Companies and their Registrars and Transfer Agents (RTAs) are advised to ensure that shares which are lodged for transfer are mandatorily in dematerialized form with effect from December 5, 2018. Accordingly Pfizer Limited will not be able to effectuate the transfer of shares held in physical mode effective December 5, 2018.
The Shareholders holding shares in physical mode are advised to dematerialize their shares at the earliest in order to ensure smooth transfer of shares if they propose to do so in future. The basic process for dematerialization of shares and its benefits are given below:
Depository system is the system in which your shareholding is kept in the electronic form with a Depository Participant (DP). Your DP will give you a statement showing the credit of the shareholding of all the Companies that you hold in that account.
DP is the connection between yourself and the Company through the Depositories viz. National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL). They maintain your account, make entries in your account when you transact, take your physical share certificates and do the dematting on your behalf.
The list of DPs located at various cities with their address, telephone, fax and with a comparative table of charges is available with NSDL and CDSL. Their Website address is www.nsdl.co.in and www.cdslindia.com
The benefits of holding shares in electronic form with a DP are:
• Elimination of postal delays.
• Elimination of bad deliveries.
• Elimination of loss of certificates in transit.
• Elimination of fake, forged, counterfeit transfers.
• No stamp duty on transfer.
• Reduction in transaction costs like brokerage, postage etc
• Immediate ownership of securities on settlement.
• Minimized paper work.
Pfizer Ltd. equity shares bear Security Number: ISIN No. INE182A01018.
It takes 10-15 days to process your request after receipt of the physical documents as well the electronic entry from the DP.
You have to access the link under ECS mandate and download the form. Please follow the instructions mentioned therein and fill in the required information. After signing the same, please register it by forwarding it to our Registrar and Transfer Agents, KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited). For the shares held in dematerialized mode, you need to contact your Depository Participant for registration of ECS mandate.