Transfers in physical form were discontinued from April 2019, and a special re-lodgement window (July 2025–January 2026) was opened for investors who missed the original deadline. It is proposed to create an exception in LODR Regulation 40(1) with a sunset clause, allowing such investors to re-lodge securities for transfer and subsequent dematerialization. It also proposes removing the Letter of Confirmation (LOC) process in Regulation 39(2), which currently requires investors to submit LOCs to depositories for dematerialization, creating unnecessary delays and duplication of efforts. Guidelines on identity, signature, and document verification, as well as measures for disputes, lock-in periods, and public notification of transfers, are included in the proposal to safeguard investor rights. The suggestions/ comments from stakeholders are invited.