# SEBI opens special window for old physical share conversion 2026-08-14T06:14:09+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Investors who find old physical share certificates must convert them into demat holdings to trade them. SEBI's January 2026 circular opens a special window from 5 February 2025 to 4 February 2027 for eligible legacy cases, shares bought or sold before 1 April 2019. The facility applies only to bona fide, uncontested holdings not transferred to the Investor Education and Protection Fund. Livemint reports that the conversion requires original certificates, a transfer deed executed before April 2019, KYC documents, an indemnity bond, and a latest client master list. Separately, SEBI has approved simplified norms for transmitting securities to legal heirs, including faster processing of small-value claims and relaxation of probate requirements in certain cases. Paper stocks remain valid, but investors must dematerialise them through a depository participant to execute any market transactions. ## Coverage - livemint.com Tags: demat conversion, financial regulation, investors, physical shares, SEBI, securities transmission Canonical: https://indianopinion.org/sebi-opens-special-window-for-old-physical-share-conversion/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sebi-opens-special-window-for-old-physical-share-conversion/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.