Dematerialised issuance requirement: large-value initial public offers must be issued only in dematerialised form under depository law. Every listed public company proposing an initial public offer that meets the statutory high-value threshold must issue the securities exclusively in dematerialised form, and comply with the Depositories Act, 1996 and the regulations thereunder, thereby disallowing physical issuance for such qualifying offers.
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Dematerialised issuance requirement: large-value initial public offers must be issued only in dematerialised form under depository law.
Every listed public company proposing an initial public offer that meets the statutory high-value threshold must issue the securities exclusively in dematerialised form, and comply with the Depositories Act, 1996 and the regulations thereunder, thereby disallowing physical issuance for such qualifying offers.
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