TMI BlogIssue of securities in dematerialised form by unlisted public companiesX X X X Extracts X X X X X X X X Extracts X X X X ..... s only in dematerialised form; and (b) facilitate dematerialisation of all its existing securities in accordance with provisions of the Depositories Act, 1996 and regulations made there under. (2) Every unlisted public company making any offer for issue of any securities or buyback of securities or issue of bonus shares or rights offer shall ensure that before making such offer, entire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ary application to a depository as defined in clause (e) of sub-section (1) of section 2 of the Depositories Act, 1996 and shall secure International Security Identification Number (ISIN) for each type of security and shall inform all its existing security holders about such facility. (5) Every unlisted public company shall ensure that - (a) it makes timely payment of fees (admission as we ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... right shares till the payments to depositories or registrar to an issue and share transfer agent are made. (7) Except as provided in sub-rule (8), the provisions of the Depositories Act, 1996, the Securities and Exchange Board of India (Depositories and Participants) 3 [ Regulations, 2018 ] and the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uthority. (10) The Investor Education and Protection Fund Authority shall initiate any action against a depository or participant or registrar to an issue and share transfer agent after prior consultation with the Securities and Exchange Board of India. ] 2 [ (11) This rule shall not apply to an unlisted public company which is:- (a) a Nidhi; (b) a Government company or (c) a wh ..... X X X X Extracts X X X X X X X X Extracts X X X X
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