CLL_Art1549 - Taxpublishers.in

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The Tax Publishers Companies Act, 2013--Dematerialisation Dematerialisation of Shares by Private Limited Companies--Recent Amendments CA. Deepak Harwani In the present article, the learned author has discussed about the recent notification dated 27-10-2023 issued by the Ministry of Corporate Affairs bringing amendments in the Companies Act, 2013 in respect of dematerialisation of securities by Private Limited Companies, the compliance procedure along with grievance mechanism. 1. Introduction The Ministry of Corporate Affairs has brought amendments in the Companies Act, 2013 by releasing a notification on 27th October, 2023 named as The Companies (Prospectus & Allotment of Securities) Second Amendment, 2023. Moreover, The said notification has focused on dematerialisation of already existed securities by Private Limited Companies and further issue of Fresh Securities in dematerialized form only. 2. Applicability of Amendment The Amendment has been brought in section 29 of the Companies Act, 2013. Rule 9 of the Companies (Prospectus & Allotment of Securities) Rules, 2014 provides guidelines in respect of dematerialisation of securities. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Companies Act, 2013--Dematerialisation

Dematerialisation of Shares by Private Limited Companies--Recent Amendments

CA. Deepak Harwani

In the present article, the learned author has discussed about the recent notification dated 27-10-2023 issued by the Ministry of Corporate Affairs bringing amendments in the Companies Act, 2013 in respect of dematerialisation of securities by Private Limited Companies, the compliance procedure along with grievance mechanism.

1. Introduction

The Ministry of Corporate Affairs has brought amendments in the Companies Act, 2013 by releasing a notification on 27th October, 2023 named as The Companies (Prospectus & Allotment of Securities) Second Amendment, 2023. Moreover, The said notification has focused on dematerialisation of already existed securities by Private Limited Companies and further issue of Fresh Securities in dematerialized form only.

2. Applicability of Amendment

The Amendment has been brought in section 29 of the Companies Act, 2013. Rule 9 of the Companies (Prospectus & Allotment of Securities) Rules, 2014 provides guidelines in respect of dematerialisation of securities.