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 …
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,” …
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