NSDL Connectivity
This query is : Resolved
01 October 2010
Can any one help me with the following queries...
>Can a private company get Connectivity with Depository.
> If the company gets NSDL connectivity and dematerialize all its existing and future shares will that violate the provision of section 3(i)(iii) (ie.
Restriction on transfer of share) as shares which are in electronic form can be transferred freely without any restriction.
>Are we violating the provisions of Law by obtaining NSDL connectivity.
> What precautions do we have to take.
>Can a private company get Connectivity with Depository.
> If the company gets NSDL connectivity and dematerialize all its existing and future shares will that violate the provision of section 3(i)(iii) (ie.
Restriction on transfer of share) as shares which are in electronic form can be transferred freely without any restriction.
>Are we violating the provisions of Law by obtaining NSDL connectivity.
> What precautions do we have to take.
Ajay Mishra
(Expert)
01 October 2010
Dear Ms. Ruchi
Yes a private company can registered with NSDL and get connectivity, for this a tripartite agreement will be executed with Company RTA and NSDL.
It is not mandatory that for connecting with NSDL all share should be in demat form at present or in future, it will depend on shareholder that he will kept their shares in demat form of physical form.
I think, you are not violating of any provision for obtaining connectivity with NSDL. You will provide a facility to its shareholders to kept their shares in electronic form.
Regards
Yes a private company can registered with NSDL and get connectivity, for this a tripartite agreement will be executed with Company RTA and NSDL.
It is not mandatory that for connecting with NSDL all share should be in demat form at present or in future, it will depend on shareholder that he will kept their shares in demat form of physical form.
I think, you are not violating of any provision for obtaining connectivity with NSDL. You will provide a facility to its shareholders to kept their shares in electronic form.
Regards
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
