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Section 29: Public offer of securities to be in dematerialised form.

The Companies Act, 2013Central Act · Act 18 of 2013

(1) Notwithstanding anything contained in any other provisions of this Act,--

(a) every company making public offer; and

(b) such other class or classes of *** companies as may be prescribed,

shall issue the securities only in dematerialised form by complying with the provisions of the Depositories Act, 1996 (22 of 1996) and the regulations made thereunder.

[(1A) In case of such class or classes of unlisted companies as may be prescribed, the securities shall be held or transferred only in dematerialised form in the manner laid down in the Depositories Act, 1996 and the regulations made thereunder.]

(2) Any company, other than a company mentioned in sub-section (1), may convert its securities into dematerialised form or issue its securities in physical form in accordance with the provisions of this Act or in dematerialised form in accordance with the provisions of the Depositories Act, 1996 (22 of 1996) and the regulations made thereunder.

Where this provision sits

ActThe Companies Act, 2013
Section29
Marginal notePublic offer of securities to be in dematerialised form.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • omitted, Act 22 of 2019. . The word "public" omitted by Act 22 of 2019, s. 7 (w.e.f. 15-8-2019).
  • inserted. . Ins. by s. 7, ibid. (w.e.f. 15-8-2019).

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