A company can issue shares in Demat & Physical form i.e. by issuing share certificates to shareholders.
As per Section 68B if a company is going for IPO of a value of Rs. 10 crore or more then, it has to issue the same in demat form and there is no option available to the company to issue shares in Physical form i.e. by issuing share certificates to its shareholders.
10 July 2009
thank you for replying. does this mean that for future issues, there is an option for physical form? and after the issue, can anyone materialize their shares?