Government of India has banned the transfer of physical shares of listed/unlisted/delisted companies from 01.04.2019 onwards except in case of Transmission of shares.
SEBI Guidelines
The Board, on March 28, 2018, decided that except in case of transmission or transposition of securities, requests for effecting the transfer of securities shall not be processed unless the securities are held in dematerialized form with a depository. This measure shall come into effect from April 01, 2019. Subsequently, SEBI has received representations from shareholders for extension of the date of compliance.