Smruti (CS&CA) 09 September 2019
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?
Jatin Bajaj (CS) 10 September 2019
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.