The Securities and Exchange Board of India (SEBI) released a consultation paper proposing temporary relaxations under Regulation 40(1) of the LODR framework to simplify share transfer and dematerialisation for transactions executed before April 2019. The regulator aims to address legacy transfer cases and ensure smooth conversion to electronic format while maintaining transparency. SEBI has sought stakeholder feedback on the proposed framework to improve investor protection and simplify compliance for listed companies managing older share certificates. Comments are open until early November 2025.