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DEMATERIALISATION of SECURITIES  Form

DEMATERIALISATION of SECURITIES Form

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hello and good morning and this video is about the 27th October notification of the MCA mandating private companies to necessarily dematerialize the Securities now if somebody was to say that this is taken companies by surprise I wouldn't say it's entirely correct because there were indications for a long time now it was also a part of the DC working group report uh that eventually shareholding of private companies also will be dematerialized and probably also one would understand that as a matter of um past development on this on this front uh the shareholdings of listed companies were always dematerialized the shareholdings in case of uh unlisted public companies by virtue of adding uh section 29 by one and pursu to that the power under rule 9A uh the Securities in case of listed companies unlisted public companies were anywh required to be um required to be dematerialized now the unlisted public companies came under this requirement of mandatory dematerialization som

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