Dematerialisation requirement: prescribed unlisted companies must hold and transfer securities electronically in accordance with depositories law. The amendment removes the word "public" from clause (b) of sub section (1) and inserts a new sub section requiring that securities of prescribed classes ... Summary
Dematerialisation requirement: prescribed unlisted companies must hold and transfer securities electronically in accordance with depositories law.
The amendment removes the word "public" from clause (b) of sub section (1) and inserts a new sub section requiring that securities of prescribed classes of unlisted companies be held or transferred only in dematerialised form in the manner laid down under the Depositories Act and its regulations.
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