Unlisted public company issue of shares after 2 oct 2018.

shilpi (article) (31 Points)

06 January 2019  
A public limited company without getting it's shares dematerialised brought new issue of one lacs shares on December 2018 as per rule 9 A a company cannot issue shares unless it's shares are dematerialised pas 3 has been approved and increased paid capital is also reflected on mac site. Dematerialistion still in process . What is the remedy?