Shares are offered by the companies of India incorporated under the Companies Act, 2013. These shares are either present in physical form or electronic form. Tangible share certificates owned by the investors are physical shares having a physical presence; whereas, shares present in electronic form are dematerialised shares owned by investors in their Demat account. […]
What are Documents Required for Transmission of Securities
TRANSMISSION OF SECURITIES:- ‘Transmission of Securities’ refers to the process of transferring the ownership of certain securities from the current owner to another person (legal heirs, nominee, joint holder, etc.) in case of death or lunacy of the current owner, or through inheritance or insolvency. Announcement:- As per the SEBI Circular dated May 18, 2022, […]
MCA Further Amends Companies (Prospectus and Allotment of Securities) Rules, 2014
The MCA (Ministry of Corporate Affairs) issued a notification on 27th October 2023 introducing amendments to the Companies (Prospectus and Allotment of Securities) Rules, 2014. The amendments aim to streamline public and private companies‘ issuance and management of securities. Government Notification G.S.R. 802(E).—In the exercise of the authority given by section 29 read with section […]
A Simple Guide for Lost Physical Shares Back into a Demat Account
Here in this article, we provide an exhaustive guide to retrieving lost physical shares and transferring them to a Demat Account. View more details about physical shares & transferring read this article.
The ODR Platform For Resolving Investor Complaints
Issuer/Registrar & Share Transfer Agent (RTAs) have been officially notified that under the SEBI Circular (SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131) dated July 31, 2023, registration on the common is now mandatory. This portal harnesses online conciliation and online arbitration to resolve disputes arising in the Indian Securities Market. Read Also:- For enrolled on Smart ODR platform This innovative platform […]
Transmission of Security Guidelines in Joint Demat Accounts i.e. Name Deletion
The NSDL has provided the uidelines for removing deceased holders’ names from joint demat accounts. Surviving holders must submit a specific request with the death certificate within a year of demise. If not, a new account will be opened. The guidelines detail the process for account holder succession, address updates, and verification procedures. The circular […]
Everything about Rule 9A and e-Form PAS-6
All the unlisted Public companies except Nidhi Company, Government Company, or wholly-owned subsidiary company need to issue the securities in only dematerialized form. It was made mandatory with notification released on September 10, 2018, Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014, was inserted. In this article, we are providing details of […]
Registrar and Transfer Agent – Everything You Need To Know
For the purpose of giving security and convenience for every kind of Registrar and Transfer Agent works for firms, mutual fund investors, and fund houses. The mediator is engaged in maintaining the informative transaction records of the investors for them. Multiple information like investors’ transitions to buy, sell, or exchange of the securities, corporate actions […]
Difference Between Preferential Allotment & Right Issue under Companies Act, 2013
Issue of shares on a preferential basis and issue of share right basis both come under Section 62 of the Companies Act, 2013 and also in the Companies (Share Capital and Debentures) Rules, 2014 and Companies (Prospectus and Allotment of Securities) Rules, 2014. It is a professional and validated invitation for the existing shareholders for […]
Grievance Redressal Mechanism – Revised Timeline of 21 Days
In a recent Circular dated August 29, 2023, the attention of Issuers and R&T Agents has been drawn towards a Gazette Notification dated August 16, 2023. This notification is relevant to an important amendment in the Securities & Exchange Board of India (Depositories & Participants) Regulations, 2018, which is regarding, specifically, the amendment concerning the […]
