Dematerialization of Securities of Private Companies

The Ministry of Corporate Affairs has made it mandatory to all the private companies other than small companies to convert their shares and other securities to demat form on or before September 30, 2024.

 Post September 30, 2024, private companies cannot issue shares in physical form and also the shareholders cannot transfer existing shares in physical form. Companies will have to obtain ISIN for each securities either with NSDL or CDSL and the shareholders will have to open demat account.

 A brief note in this regard is attached for your reference. Please click the below link to read / download the note.

Dematerialization of shares of Private Companies