Facilitate dematerialisation of all its existing securities
in accordance with provisions of the Depositories Act, 1996 and regulations made there under
Every unlisted public company before making any offer for issue of any securities or buyback of securities or issue of bonus shares or rights offer shall ensure that such offer, entire holding of securities of its promoters, directors,
key managerial personnel are in dematerialized form in accordance with provisions of the Depositories Act 1996 and regulations made there under.
Every holder of securities of an unlisted public company,_
who intends to transfer such securities shall get such securities dematerialised before the transfer;
who subscribes to any securities of an unlisted public company shall ensure that all his existing securities are held in dematerialized form before such subscription.
Every unlisted public company shall facilitate dematerialisation of all its existing securities by making necessary 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 in-form all its existing security holders about such facility.
Every unlisted public company governed by this rule shall submit Form PAS-6 to the Registrar with such fee as provided in Companies (Registration Offices and Fees) Rules,2014 within sixty days from the conclusion.of each half year
duly certified by acompany secretary in practice or chartered accountant in practice.
This shall not apply to an unlisted public company which is:-