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<h1>Amendment Rules 2023: Public firms must dematerialize old share warrants; private firms to issue securities in digital form.</h1> The Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023, effective from their publication date, introduce changes to the 2014 rules. Public companies with outstanding share warrants issued before the Companies Act, 2013, must inform the Registrar within three months and require bearers to surrender warrants for dematerialization within six months. Non-compliance results in conversion and transfer to the Investor Education and Protection Fund. Private companies, excluding small ones, must issue securities in dematerialized form and facilitate dematerialization, complying within 18 months post-financial year ending March 31, 2023. Government companies are exempt from these rules. Forms PAS-7 and PAS-8 are introduced for compliance.