Dematerialisation requirement for private companies ensures securities are issued and held only in dematerialised form with transfer conditions. Public companies with pre Act bearer share warrants must file Form PAS-7 with the Registrar and publish Form PAS-8 notice requiring surrender for conversion; unredeemed warrants shall be converted into dematerialised shares and transferred to the Investor Education and Protection Fund. Private companies other than small companies must issue and facilitate dematerialisation of securities in accordance with the Depositories Act within the prescribed transition period, ensure promoters' and officers' holdings are dematerialised before offers or transfers, and follow applicable dematerialisation procedures; Government companies are exempt.
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 for private companies ensures securities are issued and held only in dematerialised form with transfer conditions.
Public companies with pre Act bearer share warrants must file Form PAS-7 with the Registrar and publish Form PAS-8 notice requiring surrender for conversion; unredeemed warrants shall be converted into dematerialised shares and transferred to the Investor Education and Protection Fund. Private companies other than small companies must issue and facilitate dematerialisation of securities in accordance with the Depositories Act within the prescribed transition period, ensure promoters' and officers' holdings are dematerialised before offers or transfers, and follow applicable dematerialisation procedures; Government companies are exempt.
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