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    <title>Issue of securities in dematerialised form by private companies</title>
    <link>https://www.taxtmi.com/acts?id=41986</link>
    <description>Private companies that are not small companies must issue securities only in dematerialised form and facilitate dematerialisation under the Depositories Act. Designated transitional timelines apply to companies non-small as on the last day of a specified financial year, with particular extensions for producer companies and a specified compliance date concession for other non-producer private companies. After the compliance date, offers for issue, buyback, bonus or rights must be preceded by dematerialisation of promoters&#039;, directors&#039; and KMPs&#039; entire holdings, and transfers or subscriptions by holders require dematerialised holdings; Government companies are excluded.</description>
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    <pubDate>Mon, 30 Oct 2023 16:24:29 +0530</pubDate>
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      <title>Issue of securities in dematerialised form by private companies</title>
      <link>https://www.taxtmi.com/acts?id=41986</link>
      <description>Private companies that are not small companies must issue securities only in dematerialised form and facilitate dematerialisation under the Depositories Act. Designated transitional timelines apply to companies non-small as on the last day of a specified financial year, with particular extensions for producer companies and a specified compliance date concession for other non-producer private companies. After the compliance date, offers for issue, buyback, bonus or rights must be preceded by dematerialisation of promoters&#039;, directors&#039; and KMPs&#039; entire holdings, and transfers or subscriptions by holders require dematerialised holdings; Government companies are excluded.</description>
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      <pubDate>Mon, 30 Oct 2023 16:24:29 +0530</pubDate>
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