Purchase of minority demat shareholding requires verification, cut-off notice, depository transfer, and immediate payment after deduction of stamp duty.

Rule 26A requires verification of dematerialised minority shareholdings within two weeks of receipt of consideration, notice to shareholders specifying a cut-off date not earlier than one month from notice, publication and website upload, and submission of declarations to the depository. On the cut-off date the depository transfers non-transferred shares to the company's designated DEMAT account; the company must immediately pay the purchase price to minority shareholders after deducting and paying applicable stamp duty, then instruct the depository to transfer those shares to the acquirer, subject to restraints on transfer.

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