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Every private company to dematerialise all its securities,
issue securities only in dematerialised form and permit transactions in
securities only in a dematerialised form.
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Until now, only public companies were required to do this.
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Applicable to all private Companies except:
o
small company, i.e., a private company with a paid-up share
capital of INR 4 crores or below, and turnover of INR 40 crores or below; and
o
government company.
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