Question

Conclusion of demat account

Answer 1

Mandatory Dematerialization

1) Every company making public offer and

2) such other class or classes of public companies as may be prescribed,

Shall issue the securities only in dematerialized form by complying with the provisions of the Depositaries Act,1996 and the regulations made thereunder.

Optional Dematerialization

Any other company may -

1) Convert its securities into materialized form; or

2) issue its securities in physical form in accordance with the provisions of this Act ; or

3) Issue its shares in materialized form in accordance with the provisions of the Depositaries Act,1996 and the regulations made thereunder.