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of <h1>Amendment to Section 29: Unlisted Company Securities Must Be Held in Dematerialised Form as per Depositories Act 1996.</h1> Section 29 of the principal Act is amended by removing the word 'public' from clause (b) in sub-section (1). A new sub-section (1A) is inserted, mandating that securities of certain prescribed classes of unlisted companies must be held or transferred exclusively in dematerialised form, following the procedures outlined in the Depositories Act, 1996 and its regulations.
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