Dematerialisation requirement: private companies must issue securities only in dematerialised form and ensure promoter holdings are dematerialised. Private companies that are not small companies must issue securities only in dematerialised form and facilitate dematerialisation under the Depositories Act. Designated transitional timelines apply to companies non-small as on the last day of a specified financial year, with particular extensions for producer companies and a specified compliance date concession for other non-producer private companies. After the compliance date, offers for issue, buyback, bonus or rights must be preceded by dematerialisation of promoters', directors' and KMPs' entire holdings, and transfers or subscriptions by holders require dematerialised holdings; Government companies are excluded.
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 requirement: private companies must issue securities only in dematerialised form and ensure promoter holdings are dematerialised.
Private companies that are not small companies must issue securities only in dematerialised form and facilitate dematerialisation under the Depositories Act. Designated transitional timelines apply to companies non-small as on the last day of a specified financial year, with particular extensions for producer companies and a specified compliance date concession for other non-producer private companies. After the compliance date, offers for issue, buyback, bonus or rights must be preceded by dematerialisation of promoters', directors' and KMPs' entire holdings, and transfers or subscriptions by holders require dematerialised holdings; Government companies are excluded.
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