Companies (Amendment) Act , 2019

The Companies (Amendment) Act, 2019 replaces the Companies (Second Amendment) Ordinance, 2019 and also introduces some new changes. Some of the amendments brought in the Ordinance (which took effect from 02.11.2018) were reducing burden on NCLT by transferring powers under Section 2(41) and Section 14 to the Central Government, reducing burden on Special Courts by …

Exemption from Dematerializing Shares

 Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019 Earlier, with the MCA Notification dated 10th September, 2018, the requirement to issue securities in dematerialized mode has been mandatory for all unlisted public companies by inserting Rule 9A to Companies (Prospectus and Allotment of Securities) Rules, 2014. A detailed article on this can be found here. Now, …

Issue of Securities in Demat Form by Unlisted Public Companies

Introduction In this age of digital economy, it may be said that issue and maintenance of securities in physical form has become a redundant and inefficient process.  Technology can be harnessed to improve the way in which corporates and investors deal with securities. Dematerialization of securities is not only an efficient alternative but is also …