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<h1>Unlisted public companies must issue and transfer securities in dematerialized form from October 2, 2018, per new rules.</h1> The Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018, effective from October 2, 2018, mandates that unlisted public companies issue securities only in dematerialized form. These companies must facilitate the dematerialization of existing securities and ensure that securities held by promoters, directors, and key personnel are dematerialized before any new issuance or buyback. Transfers or subscriptions of securities after this date also require dematerialization. Companies must maintain security deposits and comply with regulations from the Securities and Exchange Board of India. Non-compliance restricts companies from issuing or buying back securities. Grievances are addressed by the Investor Education and Protection Fund Authority.