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TMI BlogCompanies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... lause (b) of sub-section (1) of section 29 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Prospectus and Allotment of Securities) Rules, 2014 , namely:- 1. Short title and commencement .- (1) These rules may be called the Companies (Prospectus and Allotme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... offer, entire holding of securities of its promoters, directors, key managerial personnel has been dematerialised in accordance with provisions of the Depositories Act, 1996 and regulations made there under. (3) Every holder of securities of an unlisted public company,- (a) who intends to transfer such securities on or after 2nd October, 2018, shall get such securities dematerialised befo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... admission as well as annual) to the depository and registrar to an issue and share transfer agent in accordance with the agreement executed between the parties; (b) it maintains security deposit, at all times, of not less than two years' fees with the depository and registrar to an issue and share transfer agent, in such form as may be agreed between the parties; and (c) it complies wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s) Regulations, 1993 shall apply mutatis mutandis to dematerialisation of securities of unlisted public companies. (8) The audit report provided under regulation 55A of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 shall be submitted by the unlisted public company on a half-yearly basis to the Registrar under whose jurisdiction the registered offi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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