MCA Mandates Private Cos. Except Small Cos. to Issue Securities Only in Demat Form Within 18 Months from Mar 31, 2023
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- By Chetan Kulasri
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- Last Updated on 30 October, 2023
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Notification no. G.S.R 802(E); Dated: 27.10.2023
The Govt. has notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023. As per the amended norms, every private co. except small co. must issue the securities only in dematerialised form within 18 months from the closure of the FY i.e. March 31, 2023. Further, the company must facilitate the dematerialisation of all its securities in accordance with the provisions of the Depositories Act. These provisions shall not apply to Government Companies.
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