Last updated: December 30th, 2019 3:32 PM
Dematerialisation in Unlisted Companies
Dematerialisation is mandatory for unlisted companies whose shareholders are holding physical shares. Dematerialisation refers to the conversion of physical shares into electronic shares. Companies (Prospectus and Allotment of Securities) Third Amendment Rules 2018 should be followed by a company which is dematerialising its shares. The rules came into force on 2nd October 2018.
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