In the recent amendment rules (3rd amendment rules), it has now become mandatory for all the unlisted public companies to issue and transfer their shares only in dematerialised forms.
If you have incorporated your company as a Public Company, then this compliance is necessary with effect from 2nd October 2018.
The reason for this step is to enhancing the transparency of hte function of the company, enhancing the protection of the investors and the elevating the governance of the corporate sector. To get the gist of it, the goal is to enhance the corporate governance standards through transparency
Courtesy of this amendment, the unlisted public companies are required to facilitate dematerialization of their securities. This has to be done in coordination with the depositors of the company and a share transfer agent. A share transfer agent is someone that the unlisted company has to appoint. It is this agent that is going to provide the public company with the Registrar and share transfer services.
If there are any issues with dematerialization, the IEPF Authority is going to be the one to handle it.
Registrationwala is a team of professionals that entails a team of Company secretaries, Chartered Accountants and other professionals. Our acumen pertaining to company registration and compliance services makes us the perfect choice to be your Registrar & Transfer Agent.
Benefits of Dematerialization
The unlisted public companies will be able to enjoy the following perks according to the MCA:
Following is what constitutes as the eligibility criteria to dematerialize the shares:
Following information & documents are required for dematerialization of shares:
The process of share dematerialization is a simple one. The process is as follows:
We, at Registrationwala provide end to end solutions for filing Dematerialization of Shares. We provide you to Registrar and Transfer Agents. Our services include:
Registrationwala.com is a leading legal consultancy firm providing the comprehensive services relating to Dematerialization of Shares.
Contact us now if you seek dematerialization of shares