Government to make it compulsory for unlisted companies to issue shares in demat form
Updated : August 27, 2018 07:50 AM IST
The unlisted corporates would have to ensure that shares are transferred only in dematerialised (demat) or electronic form.
Officials said that to begin with, issuance of new shares and transfer of shares by unlisted companies would have to compulsorily be in the demat form and that the decision has been taken after extensive discussions with stakeholders
The corporate affairs ministry would soon be issuing rules under the Companies Act, 2013, for unlisted firms with respect to having shares in the demat form.
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