Private Limited Companies Are Required To Demat Their Shares

Ensures That Private Limited Company Shares are Dematted

The Ministry of Corporate Affairs issued a notification on October 27, 2023, introducing significant amendments to the Companies (Prospectus and Allotment of Securities) Rules, 2014. The regulations within the Companies Act, 2013 regarding the mandatory dematerialization of shares for private limited companies can be summarized as follows: Section 29 of the Companies Act, 2013 These […]

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MCA Further Amends Companies (Prospectus and Allotment of Securities) Rules, 2014

Regulatory Amendments to Companies Prospectus and Securities Allotment Rules, 2014 By the MCA

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 […]

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Transmission of Security Guidelines in Joint Demat Accounts i.e. Name Deletion

Transmission of Security Guidelines in Joint Demat Accounts. 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 […]

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Know How to Find Out a Duplicate Share Certificate

Duplicate Share Certificate

Share certificates issued by company are sometimes lost or misquoted by shareholders due to some unforeseen circumstances. Sometimes due to some unexpected situations, Share certificates issued by the company get lost or misplaced by the shareholders. The loss can lead to huge financial losses to shareholders as well as the company. To avoid such unnecessary […]

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