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of <h1>Section 29: Public offers and certain companies must issue, hold and transfer securities only in demat form</h1> Section 29 mandates that every company making a public offer, and any additional prescribed classes of companies, must issue securities only in dematerialised form in compliance with the Depositories Act, 1996 and related regulations. For prescribed classes of unlisted companies, all securities must be held and transferred solely in dematerialised form under the same framework. Companies not covered under sub-section (1) retain the option to convert existing securities into dematerialised form or issue securities either in physical form in accordance with the Companies Act, 2013 or in dematerialised form in accordance with the Depositories Act, 1996 and its regulations.
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