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:
◊ What is a Depository System?
◊ Who is a DP? And what does he do?
◊ Can we have the list of DPs? What is the service
◊ What are the benefits of opening a Depository Account
/ Depository System ?
◊ How much time it takes to dematerialise my shares?
◊ What should I do to get my dividends through ECS
in physical holding?
◊ In case of adding my family members’ names,
does that construe to be
◊ What is the normal time for processing the transfer
or any other requests?
What is a Depository System?
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.
Who is a DP? And what does he do?
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.
Can we have the list of DPs? What is the
service charge levied?
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
What are the benefits of opening a Depository
Account / Depository System ?
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.
How much time it takes to dematerialise my
It takes 10-15 days to process your request after receipt of the physical documents
as well the electronic entry from the DP.
What should I do to get my dividends through
ECS in physical holding?
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,
Karvy Fintech Private Limited (Karvy). For the shares held in dematerialized
mode, you need to contact your Depository Participant for registration of ECS mandate.
In case of adding my family members’ names,
does that construe to be a transfer?
Yes. Adding a name or deleting a name voluntarily amounts to a transfer. Therefore,
furnishing a Transfer Deed is a pre-requisite.
What is the normal time for processing the
transfer or any other requests?
Our Registrar and Transfer Agents, Karvy Fintech Private Limited have the
adequate infrastructure to process the transfer as well attend to all the investors’
queries. The share transfer requests received are processed within 15 days from
the date of receipt, subject to the transfer instrument being valid and complete
in all respect.
Karvy Fintech Private Limited (Karvy)
(formerly known as Karvy Computershare Private Limited)
Unit: Pfizer Limited
Karvy Selenium Tower B, Plot No 31 & 32
Gachibowli, Financial District,
Hyderabad,Telangana – 500032
Tel.No. : 040 6716 2222
Fax : 040 2300 1153
Toll Free No.: 1-800-3454-001
Email : email@example.com
Contact : Mr. MRV Subrahmaniam