Shri Injeti Srinivas
Ministry of Corporate Affairs
Government of India
5th Floor, Shastri Bhawan
Dr. Rajendra Prasad Road
New Delhi - 110 001
Subject: Standardised format of reporting under Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 - Reg.
The Companies (Prospectus and Allotment of Securities) Rules, 2014 were amended by the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 inserting Rule 9A pertaining to Issue of securities in dematerialised form by unlisted public companies mandating that "Every unlisted public company shall issue the securities only in dematerialised form; and facilitate dematerialisation of all its existing securities in accordance with provisions of the Depositories Act, 1996 and regulations made thereunder".
Furthermore, pursuant to sub-rule (8) of rule 9A of the abovementioned rules,
"The audit report provided under regulation 55A of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 shall be submitted by the unlisted public company on a half-yearly basis to the Registrar under whose jurisdiction the registered office of the company is situated".
The Regulation 76 of LODR (erstwhile Regulation 55A(1) of the SEBI (Depositories and Participants) Regulations, 1996)states that "Every issuer shall submit audit report on a quarterly basis starting from September 30, 2003 to the concerned stock exchanges audited by a qualified chartered accountant or a practicing company secretary, for the purposes of reconciliation of the total issued capital, listed capital and capital held by depositories in dematerialized form , the details of changes in share capital during the quarter and the in-principle approval obtained by the issuer from all stock exchanges where it is listed in respect of such further issued capital".
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