Under section 29(1A) of the Companies Act, 2013 (‘the Act’) the Ministry of Corporate Affairs (‘MCA’) is authorized to define such classes of companies that can hold or transfer the securities just in dematerialized form. Under such authority, MCA, vide notification on September 10, 2018, inserted Rule 9A in the Companies (Prospectus and Allotment of […]
Category: Finance
Amendments in the Stamp Duty will be Effected from 1st July 2020
The government of India circulated some specific amendments to the stamp duty that shall be applicable from 1st July 2020. The amendments in the stamp duty were before scheduled to be executed from January however it gets postponed to April and then July. Collection of the stamp duty beneath the upgraded system: The amendments in […]
FAQs Related to Dematerialization
Q.1 What is Dematerialization? Dematerialization is a process to convert securities (i.e. shares, bonds, etc.) held in physical form into an equal number of electronic forms. The converted securities in electronic form will be credited into the Demat account of the investor maintained by him with his Depository Participant (DP). Q.2 What are the benefits […]
SEBI Issues Circular for RTA/STA, Relaxation from Compliance with Certain Provisions
Recently the government of India as well as SEBI has brought some of the major changes in the mutual fund compliance and the share market sector due to corona virus pandemic. SEBI has issued various circulars and guidelines in order to keep updated all of its concerned associations and stakeholders. Let us check out the […]
Shareholder vs Stakeholder: Know who is Subset & Superset
In the corporate world, most attention-grabbing terms when it comes to investment are – Shareholder and Stakeholders. Both sound similar and are often interchanged but the terms vary from each other in terms of their investment in an organization, their relationship with an organization and their priorities in an organization. A shareholder is inevitably a […]
Top 7 Reason Why You Should Choose SAG RTA
SAG Infotech Private Limited, the pioneer in the taxation industry for the past 20+ years, now also works as an authorized RTA. The company holds the laurel of India’s best RTA Services provider company. The company has been handled the responsibility to operate as an authorized and most trusted RTA in Rajasthan by the Securities […]
What is the Procedure To Convert Physical Shares into The Demat Form?
In recent past, the Securities and Exchange Board of India (SEBI) has advocated the transfer of physical share certificate into digital format in order to make the settlement process much faster, easier and hassle-free for the traders. SEBI has also urged the shareholders to transform their physical share certificates into electronic form to eliminate the […]
SEBI’s Latest Notifications Mandate Shares and Securities in Demat Form
The latest notifications by SEBI restricts listed companies from accepting a request for transfer of securities which are held in physical form, with effect from April 1, 2019. (Read Notification) The recent amendments in provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, mandate the conversion of shares and other types of securities of listed […]
The Ultimate Guide for How to Sell Stock Certificates through a Transfer Agent
A stock certificate is a physical piece of paper but holds more value than a normal piece of paper as it represents the ownership of a company. They include information like an identification number, the number of shares owned, the date, a corporate seal & signatures and most of them are designed in a convoluted […]
Top 14 Differences Between Equity Shares and Preference Shares
If a person wants to open his or her own business or wants to expand the business but does not have enough money to do so. Then the person has only two options i.e. to take a loan from the bank or to divide the finance cost into a unit and then sell it as […]
