Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 - File No. 1/21/2013-CL-V - G.S.R. 853 (E)

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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.

<h1>Dematerialisation requirement: unlisted public companies must issue securities only in dematerialised form and demat promoters' holdings before offers.</h1> Unlisted public companies must issue securities only in dematerialised form, facilitate dematerialisation of existing securities, secure an ISIN for each security type, and ensure promoters', directors' and key managerial personnel holdings are dematerialised before any offer, buyback, bonus or rights issue. Companies must pay fees and maintain a multi year security deposit with depositories and registrars, comply with SEBI and depository regulations, and submit specified audit reports half yearly to the Registrar; defaults bar further offers until cleared.

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