Dematerialisation of securities: promoters and bearers of pre-existing share warrants must convert holdings to dematerialised form. Rule 9 requires promoters of public companies making a public offer to hold convertible securities only in dematerialised form, converting any promoter-held physical convertible securities into dematerialised form before an initial public offer and maintaining promoter holdings thereafter in dematerialised form. It further requires companies with pre-existing share warrants to inform the Registrar, require bearers to surrender warrants and dematerialise the shares via published notices, and mandates conversion and transfer of unreturned warrants into dematerialised form to the Investor Education and Protection Fund.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dematerialisation of securities: promoters and bearers of pre-existing share warrants must convert holdings to dematerialised form.
Rule 9 requires promoters of public companies making a public offer to hold convertible securities only in dematerialised form, converting any promoter-held physical convertible securities into dematerialised form before an initial public offer and maintaining promoter holdings thereafter in dematerialised form. It further requires companies with pre-existing share warrants to inform the Registrar, require bearers to surrender warrants and dematerialise the shares via published notices, and mandates conversion and transfer of unreturned warrants into dematerialised form to the Investor Education and Protection Fund.
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