Demat of unlisted public company shares , a big dilemma

As of now no exemption is provided by MCA. However , companies which issues further shares and if shares needs to be transferred then alone Issue of Prospects Rules Mandates a company to issue or transfer shares in dematerialized form. As long as no such issues or transfer does not happen, shares can be continued to held in physical form.

Originally posted by : Sriram Santhanam
	As of now no exemption is provided by MCA. However , companies which issues further shares and if shares needs to be transferred then alone Issue of Prospects Rules Mandates a company to issue or transfer shares in dematerialized form. As long as no such issues or transfer does not happen, shares can be continued to held in physical form.

Thanks for reply

 

In case the hundred percent holding is with Governor and nominess of government, the demat account of nominees position is required to be opened?

Yes whoever who hold shares, demat account should be opened in his or her names.