Mandatory Demat Deadline: Convert Physical Shares to Demat by June 30 to Avoid Penalties
According to Rules 9A and 9B of the Companies (Prospectus and Allotment of Securities) Rules, 2014, all private companies, public unlisted companies, and Section 8 companies (except small or government companies) must issue securities such as shares only in electronic form, i.e., demat form, when they are allotted to anyone.