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Is demat required to purchase shares of an unlisted company?

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(Querist)
15 October 2007 Hello! Friends

Can any one answaer the following:

For purchasing shares of an unlisted domestic company, is it compulsory required demat account? explain more
about this?
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Srinath A. N.

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Srinath A. N. (Expert)
16 October 2007 No. It is not compulsory for unlisted companies to issue shares in de-mat form. Even it may issue shares in physical form. For companies which are listed in the Stock Exchange shall hold its shares in de-mat form.

Therefore it is not compulsory to have de-mat account for purchasing of shars of unlisted domestic company.
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CMA Gul S

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CMA Gul S (Expert)
16 October 2007 Hi Ganesh,

It is not compulsory for a Dmat account,

D mat account is needed for some benefits nothing else
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KAAPIL

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KAAPIL (Expert)
01 November 2007 Demat is not compulsory for unlisted companies. At the same time if you have public limited companies share in demat you can get them remat i.e. physical by paying necessary charges to the DP.
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Ravikumar.G

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Ravikumar.G (Expert)
09 November 2007 Thanks for the inputs
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CA. Kirti S. Ganatra

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CA. Kirti S. Ganatra (Expert)
12 November 2007 No it is not compulsory
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KAAPIL

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KAAPIL (Expert)
18 November 2007 I hope the query is resolved.
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