SEBI has worked towards substantial simplification of share transfers and allotment procedure in the case of IPOs. It is expected that implementation of the Chandrasekharan Committee recommendations will considerably ease the difficulties faced by investors on account of inordinate delays in share transfers and bad deliveries.

SEBI has also made all share transfers to be compulsorily done by demat mode only effective December 05th. This will eliminate any case of frauds in transfer, bad deliveries and signature mismatch cases. No transfers will be permitted of shares that are in physical form.

SEBI has also implemented a unique order code number for easy audit trail. All stock exchanges have been required to ensure that a system is put in place whereby each transaction is assigned a unique order code number which is intimated by the broker to his client. Once the order is executed, this number is to be printed on the contract note.

Time stamping of contracts is another step taken by SEBI to eliminate chances of frauds. Stock brokers have been required to maintain a record of time when the client has placed the order and reflect the same in the contract note along with the time of the execution of the order. This will ensure that the broker gives due preference in execution of client's order and charges the correct price to his client without taking advantage of any intra-day price fluctuation for himself. If the stock markets have become a substantially more transparent and safer place to transact, then retail investors have to thank SEBI for the same.