DEMATERIALISATION OF SECURITIES BY UNLISTED PUBLIC COMPANIES AND FILING OF RECONCILIATION OF SHARE CAPITAL AUDIT REPORT
This article is an attempt to list out the provisions/compliances of the rules notified in connection with the Dematerialization of Securities by Unlisted Public Companies.
Vide the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018, Dt: 10.09.2018, notified to be effective from 02.10.2018, the Ministry has mandated that an Unlisted Public Company shall:
- issue of Securities in Dematerialised form only; and
- facilitate dematerialisation of all its existing Securities.
in accordance with the provisions of Depositories Act, 1996 and Regulations made there under.