Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Alteration of aoa for dematerialization of shares

Co Act 2013 1057 views 2 replies

Smruti

CS&CA

79 Points Joined March 2017

Dear All,

My company is an Unlisted Public Company, we are in a Process of converting shares in a Demat mode.

My question is we have not adopted new AOA as per the Companies Act, 2013 and there is no clause in our AOA for dematerialisation of equity shares. Do we need to amend our AOA or adopt new AOA as per 2013 Act?

Regards,

Smruti

Replies (2)

Jatin Bajaj

2930 Points Joined April 2016

As the demat shares has become mandatory for the unlisted public limited Companies vide notification dated October, 2018 ,so there is no need to amend the articles of the Companies particulary for demateralization.