CHECKLIST OF DEMATRIALISATION OF SHARES
As
per Section 29 read with rule 9A of The Companies (Prospectus and Allotment of
Securities) Rules, 2014, which was duly
inserted by Companies Amendment Act
2019. Every unlisted Public company is required to convert its Securities into electronic mode from
Physical mode.
 |
| Dematerialisation |
Difference between Demat and Remat
Dematerialisation: Dematerialization (DEMAT) is the move from
physical certificates to electronic bookkeeping. Actual stock certificates are
then removed and retired from circulation in exchange for electronic recording.
Rematrialisation: Rematerialisation is the process by which a
client can get his electronic holdings converted into physical certificates.
The client has to submit the rematerialisation request to the DP with whom he
has an account
Process of Demat
1. First Choose
depository whether CDSL or NSDL
2. Pass Board
resolution for approving the proposal of Demat and appointment of DP and RTA
3. Make
Appointment of Depositary Participants and RTA (Registrar and Share Transfer
Agent)
4. Obtain
Declaration from Issuer and RTA
5. Fill the
form Letter of Intent cum Master Creation Form for admission of Unlisted
Company
6. Obtain a
Net-worth Certificate from PCS
7. Issuer need
to make security details which shall be Dematerialise
8. Obtain
Tripartite Agreement executed between (Issue, DP and Depository)
9.Undertakingrom Public/Private company for admission of share in Depository
Find all related Formats for Demat at https://moderneducationofindia.blogspot.com/2020/04/formats-fordematerialisation-of.html
Following documents are
required for above purpose
A.
Master
Creation Form duly filled, signed and stamped on all the pages(In prescribed
Format).
B. Certified
copy of latest annual report completes in all respects (if printed copies are
not available-the same is to be photo copied back-to back of the paper).
C. Certified
copy of Memorandum and Articles of Association (duly authenticated where
changes have been carried out).
D. Certified
copy of Incorporation should contain these all of the R.O.C.and signature of
the Registrar
E.
Certified copy
of Board Resolution for admission of equity shares with CDSL.
F.
Undertaking-cum-Indemnity
G. In case
there is an increase in the paid-up capital of the company after the date
of
the latest balance sheet, kindly arrange to forward in order duly certified
related documents
H. Tri-party
Agreement duly printed on Rs.600/-stamp paper-, stamped (Co. round Stamp) &
signed on all the pages ,should be in triplicate (i.e.-1 original+2
photocopies,duly stamped & signed on all the pages in original +original(on
all 3 copies))--Formats attached-No dates to be mentioned.
I.
Equity
details as per the format attached.
J.
Declaration
as per the format enclosed for freezing of ISIN. List of Authorised
signatories
along with specimen signatures as per Board Resolution.
K.
CTC of TAN
& GST Certificate
Note: Process of Dematerialisation for NSDL and CDSL is almost same,
however there are some minor changes in their process
Formats of
Above documents are here:
Kindly refer the Disclaimer
page
Posted by LAWgicAL ARUSH
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