Dematerialisation of securities

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..... Provided that the entire holding of convertible securities of the company by the promoters held in physical form up to the date of the initial public offer shall be converted into dematerialised form before such offer is made and thereafter such promoter shareholding shall be held in dematerialized form only. 2 [ (2) Every public company which issued share warrants prior to commencement of t .....

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..... h is in circulation in the district and in English language in an English newspaper, widely circulated in the State in which the registered office of the company is situated. (3) In case any bearer of share warrant does not surrender the share warrants within the period referred to in sub-rule (2), the company shall convert the such share warrants into dematerialised form and transfer the same .....

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