Is demat required to purchase shares of an unlisted company?
This query is : Resolved
15 October 2007
Hello! Friends
Can any one answaer the following:
For purchasing shares of an unlisted domestic company, is it compulsory required demat account? explain more
about this?
Can any one answaer the following:
For purchasing shares of an unlisted domestic company, is it compulsory required demat account? explain more
about this?
Srinath A. N.
(Expert)
16 October 2007
No. It is not compulsory for unlisted companies to issue shares in de-mat form. Even it may issue shares in physical form. For companies which are listed in the Stock Exchange shall hold its shares in de-mat form.
Therefore it is not compulsory to have de-mat account for purchasing of shars of unlisted domestic company.
Therefore it is not compulsory to have de-mat account for purchasing of shars of unlisted domestic company.
16 October 2007
Hi Ganesh,
It is not compulsory for a Dmat account,
D mat account is needed for some benefits nothing else
It is not compulsory for a Dmat account,
D mat account is needed for some benefits nothing else
01 November 2007
Demat is not compulsory for unlisted companies. At the same time if you have public limited companies share in demat you can get them remat i.e. physical by paying necessary charges to the DP.
Ravikumar.G
(Expert)
09 November 2007
Thanks for the inputs
CA. Kirti S. Ganatra
(Expert)
12 November 2007
No it is not compulsory
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