The Ministry of corporate affairs (MCA) has stated to the organizations (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 (Rules) through the notification on 10-9-2018.
The intention before this is to provide the rules and do it mandatory for all the companies who are not listed and listed on the market so as to maintain the securities in the dematerialized form and to ease for those in the electronic form for all those who are already listed securities.
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August 2022
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