Demat of unlisted public company shares , a big dilemma

Law Aspire (CS) (755 Points)

09 October 2018  

Dear All 

 

If the company is a State or Central Government company in which Directors are nominee of Government i.e. they are either IAS, IPS, MP, MLA then do we also have to open the demat account of these persons.

 

Is there is any exemption provided to the Government Companies for DEmaterialisation of Shares.

 

Pleae take this matter as urgent