Alteration of aoa for dematerialization of shares


Smruti (CS&CA)     09 September 2019

Smruti
CS&CA 
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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

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Jatin Bajaj (CS)     10 September 2019

Jatin Bajaj
CS 
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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.

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shakeel ahmed (member)     11 September 2019

shakeel ahmed
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as such there is no any need to make alterations in Aoa for dematerialisation of shares

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