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 …
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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