Dematerialisation of shares
This query is : Resolved
28 March 2017
Please provide me the procedure for dematerialisation of shares of unlisted public company. whether amendment has to be done in the Articles with respect to dematerialisation of shares??
Jatin Bajaj
(Expert)
29 March 2017
COMPANY SHALL ALTER THE ARTICLES OF ASSOCIATION FOR DEMATERLIZATION OF SHARES BY PASSING SPECIAL RESOLUTION.
COMPANIES SHOULD REGISTER THEMSELVES WITH NSDL AND CDSL.
IF REGISTRATION IS SUCCESSFUL , THEN DEPOSITORIES WILL PROVIDE WITH INTERNATIONAL SECURITIES IDENTIFICATION NUMBER .
BENIFICIAL OWNER HAS TO OPEN DEMAT ACCOUNT WITH DP AND HAS TO OBTAIN ACCOUNT NO.
BENIFICIAL OWNER HAS TO FILL THE DEMATERILIZATION REQUEST FORM AND SUBMIT THE SAME ALONG WITH PHYSICAL CERTIFICATE TO DP
DP WOULD VERIFY THE FORM AND WILL SEND THE REQUEST TO NSDL , ACDSL AND TO REGISTRAR AND THE TRANSFER AGENT
RTA WILL VERIFY AND ACCEPT THE REQUEST
ONCE THE REQUEST HAS BEEN SUCCESSFULLY MADE , DP WOULD DEFACE AND MALUATE THE PHYSICAL CERTIFICATE AND WILL ISSUE DEMAT REQUEST NUMBER AND ELECTRONICALLY TRANSMIT THE SAME TO THE DEPOSITORY AND COURIER THE NUMBER AND THE SHARE CERTIFICATE TO THE COMPANY
ON RECEIVING THE CONFIRMATION , DEPOSITORY WILL CREDIT THE NO OF SECURITIES IN THE DEMAT ACCOUNT OF BENEFICIAL OWNER
COMPANIES SHOULD REGISTER THEMSELVES WITH NSDL AND CDSL.
IF REGISTRATION IS SUCCESSFUL , THEN DEPOSITORIES WILL PROVIDE WITH INTERNATIONAL SECURITIES IDENTIFICATION NUMBER .
BENIFICIAL OWNER HAS TO OPEN DEMAT ACCOUNT WITH DP AND HAS TO OBTAIN ACCOUNT NO.
BENIFICIAL OWNER HAS TO FILL THE DEMATERILIZATION REQUEST FORM AND SUBMIT THE SAME ALONG WITH PHYSICAL CERTIFICATE TO DP
DP WOULD VERIFY THE FORM AND WILL SEND THE REQUEST TO NSDL , ACDSL AND TO REGISTRAR AND THE TRANSFER AGENT
RTA WILL VERIFY AND ACCEPT THE REQUEST
ONCE THE REQUEST HAS BEEN SUCCESSFULLY MADE , DP WOULD DEFACE AND MALUATE THE PHYSICAL CERTIFICATE AND WILL ISSUE DEMAT REQUEST NUMBER AND ELECTRONICALLY TRANSMIT THE SAME TO THE DEPOSITORY AND COURIER THE NUMBER AND THE SHARE CERTIFICATE TO THE COMPANY
ON RECEIVING THE CONFIRMATION , DEPOSITORY WILL CREDIT THE NO OF SECURITIES IN THE DEMAT ACCOUNT OF BENEFICIAL OWNER
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
