This article explores the provisions concerning private companies' mandatory issuance of dematerialized securities. It discusses the requirements for dematerializing holdings of promoters, directors, and KMP before offering buyback of securities and mandatory dematerialization for security holders subscribing to securities through private placement, bonus shares, or rights offers.
Additionally, it covers private company responsibilities towards depositories and registrars to an issue and share transfer agents. The article also addresses compliance requirements for share warrants issued by a public company before the commencement of the Companies Act 2013 and the impact of these amendments.
