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of <h1>Companies Act Section 29: Public Offers and Certain Companies Must Issue Dematerialised Securities; Amendments in 2019 Impact Compliance.</h1> Section 29 of the Companies Act, 2013 mandates that companies making a public offer and certain prescribed classes of companies must issue securities in dematerialised form in compliance with the Depositories Act, 1996. Additionally, prescribed classes of unlisted companies must hold or transfer securities only in dematerialised form. Other companies may choose to convert or issue securities in either physical or dematerialised form, adhering to the relevant provisions of the Companies Act or the Depositories Act. Amendments made by the Companies (Amendment) Act, 2019, have modified certain aspects of these requirements.
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