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
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.
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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MANUJ SHARMA AND COMPANY
Noida
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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