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Dematerialisation of Securities of Unlisted Public Limited Companies

Vide notification dated 10th September, 2018 Government of India, Ministry of Corporate Affairs has notified Amendment to The Companies (Prospectus and Allotment of Securities) Rules, 2014 making it mandatory for every Unlisted Publicly held Company to facilitate dematerialisation of all its existing securities.

Every unlisted public company making any offer for issue of any securities or buyback of securities or issue of bonus shares or rights offer shall ensure that before making such offer, entire holding of securities of its promoters, directors, key managerial persons has been dematerialised. Transfer of securities on or after 2nd October, 2018 shall be effected only if such securities are dematerialised before the transfer.

A soft copy of captioned notification is available here for ready reference.

Xl Softech India Private Limited would be happy to help you in ensuring compliance with above requirement by assisting you in enrolling your Company with depositories (NSDL and CDSL) based on your requirements.

Xl Softech is a market leader in registry business for three decades and has been serving highest number of listed and unlisted companies as Registrar.

We look forward to an opportunity to serve you.

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