The due date for ISIN/Demat compliance is fast approaching on September 30, 2024.
The due date for ISIN/Demat compliance is fast approaching on September 30, 2024.
Date : 18-09-2024
Posted By : Intellex Strategic Consulting Private Limited
The due date for ISIN/Demat compliance is fast approaching on September 30, 2024.
Applicable Companies like :
1. Section 8 NGO
2. WOS or Subsidiary Company
3. Holding Company
4. Having more than 4 crores of Paid up Shate capital
5. Having more than INR 40 Crores of turnover .
Transferring securities:
Shareholders can't transfer their existing securities to anyone unless both the seller and buyer have demat accounts.
Penalties:
Companies and officers who don't comply with the rules can face penalties. The initial penalty is Rs. 10,000, and additional penalties of Rs. 1,000 per day can be imposed for continuing defaults.
Please ensure to complete the process of dematerializing your physical shares to avoid non-compliance under rule 9B .
Rule 9B dictates that companies must convert their existing physical shares to electronic form and future issuances must be electronic only.
In case you need any Guidance, please let me know.
Sudheendra Kumar ( Mobile /WhatsApp: 91-9820088394)
https://www.linkedin.com/company/intellexconsulting
Categories
Latest Blogs
Home Loans and Loan Against Properties from Mahindra Finance Ltd
Date : 13-12-2024
Posted By : Intellex Strategic Consulting Private Limited
Loan Takeover proposals with enhancement for MSME Companies across India
Date : 13-12-2024
Posted By : Intellex Strategic Consulting Private Limited
Looking for Acquisitions / Equal Partnership in a Mumbai/ Maharashtra bases Company with Investment upto INR 10 Crores.
Date : 09-12-2024
Posted By : Intellex Strategic Consulting Private Limited
As a business owner, are you GST compliant?
Date : 09-12-2024
Posted By : Intellex Strategic Consulting Private Limited
Collateral Free Unsecured Business Loans up to 10 Crores -For Retailers, Traders, Manufacturers or Service Providers.
Date : 06-12-2024
Posted By : Intellex Strategic Consulting Private Limited