Unlisted public companies have to compulsorily issue new shares in demat form beginning 2 October: Govt
6 years, 4 months ago

Unlisted public companies have to compulsorily issue new shares in demat form beginning 2 October: Govt

Firstpost  

The step has been taken for “further enhancing transparency, investor protection and governance in the corporate sector,” the Corporate Affairs Ministry said New Delhi: Unlisted public companies have to compulsorily issue new shares in demat form beginning 2 October, the government said Tuesday. This step has been taken for “further enhancing transparency, investor protection and governance in the corporate sector,” the Corporate Affairs Ministry said in a release. From 2 October, issue of further shares and transfer of all shares by unlisted public companies shall be in dematerialised form only, the ministry said. “Unlisted public companies are expected to facilitate the dematerialisation of their securities in coordination with depositories and share transfer agents,” the release said.

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History of this topic

From 1 April, shares can be transferred in demat form only: Sebi
5 years, 9 months ago

From 1 April, shares can be transferred in demat form only: Sebi

Live Mint  

Sebi on Wednesday said transfer of shares of listed companies can be done only in the dematerialised form from 1 April but investors are not barred from holding shares in the physical form. In December 2018, the watchdog extended the deadline for transfer of shares of listed companies only in dematerialised form to 1 April. Shares in the demat form …

Dematerializing unlisted shares: How changes affect shareholders
6 years, 1 month ago

Dematerializing unlisted shares: How changes affect shareholders

Live Mint  

Listed companies in India had moved from paper share certificates to the electronic-form, i.e. Issue of new shares: The regulations provide that any new issue of securities by an unlisted public company can only be in a dematerialized form. Unlisted public company’s obligation: The unlisted public company shall facilitate dematerialization of its existing securities by making necessary application to a …

Transfer of physical shares not possible from 5 December, only demat form allowed; all you need to know
6 years, 1 month ago

Transfer of physical shares not possible from 5 December, only demat form allowed; all you need to know

Firstpost  

Post-Tuesday, you won’t be able to transfer shares of listed companies if they are held in physical form. Transfer of shares by listed companies has to be done only in the demat or electronic form from 5 December, said market regulator Securities and Exchange Board of India. The government had also asked unlisted public companies to compulsorily issue new shares …

Deals in unlisted companies to be in demat form
6 years, 4 months ago

Deals in unlisted companies to be in demat form

The Quint  

New Delhi, Sep 11 As part of its drive against benami entities, the government on Tuesday said all deals in securities of unlisted public companies will have to be in dematerialised form from October 2. "The Ministry of Corporate Affairs has notified that with effect from October 2, 2018, issue of further shares and transfer of all shares by unlisted …

From October 2, unlisted companies to issue new shares in demat form: Government
6 years, 4 months ago

From October 2, unlisted companies to issue new shares in demat form: Government

Hindustan Times  

Unlisted public companies have to compulsorily issue new shares in demat form beginning October 2, the government said Tuesday. Transfer of shares has to be done only in the demat or electronic form, the government has told unlisted companies. From October 2, issue of further shares and transfer of all shares by unlisted public companies shall be in dematerialised form …

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