As per Rule 9A & Rule 9B of the Companies (Prospectus and Allotment of Securities) Rules, 2014, the Ministry of Corporate Affairs (MCA) has mandated dematerialisation of securities for specified classes of companies.
📌 Who is required to comply?
✔️ All Public Companies
✔️ Private Limited Companies (except Small Companies)
👉 Small Companies are exempt from this requirement.
📌 Key Compliance Requirements
🔹 Obtain ISIN (International Securities Identification Number)
Companies must obtain ISIN for their securities through:
* NSDL (National Securities Depository Limited)
* CDSL (Central Depository Services Limited)
🔹 Dematerialisation of Shares
* All securities must be held in demat form
* Physical share transfers are restricted
🔹 Filing of Form PAS-6 (Half-Yearly Return)
* Mandatory filing with Registrar of Companies (ROC)
* Reconciliation of share capital audit report
* Certified by a Practicing Company Secretary / Chartered Accountant