From Oct 2, unlisted companies to issue new shares in demat form: Govt
The decision also comes at a time when the ministry is clamping down on shell companies that are suspected of being conduits for illicit fund flows. From October 2, issue of further shares and transfer of all shares by unlisted public companies shall be in dematerialised form only, the ministry said.
Issue of further shares and transfer of all shares by unlisted public companies shall be in dematerialised form only, Image source: PTI