Counter receipt prohibition enables OTCEI-listed companies to issue physical share certificates and alters share transfer form use. Two notifications amend company rules to stop issuance of counter receipts for OTCEI-traded securities and to facilitate use of physical share certificates, preserving Form 7BB as the application for share transfer while counter receipts remain tradable. A third notification introduces new rules and two forms: a nomination form for transfer on death and a declaration of solvency form for companies undertaking share buy-back.
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Provisions expressly mentioned in the judgment/order text.
Counter receipt prohibition enables OTCEI-listed companies to issue physical share certificates and alters share transfer form use.
Two notifications amend company rules to stop issuance of counter receipts for OTCEI-traded securities and to facilitate use of physical share certificates, preserving Form 7BB as the application for share transfer while counter receipts remain tradable. A third notification introduces new rules and two forms: a nomination form for transfer on death and a declaration of solvency form for companies undertaking share buy-back.
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