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
- All Category
- Investment Opportunities
- Loans And Finance
- Business Opportunities
- Startup India
- Banking And Finance News
- Franchise & Dealership Network Development
- Real Estate (Residential, Commercial, Warehousing etc)
- Statutory Compliances & Taxation
- Hospitality Business Opportunity - Hotels, Resorts, Restaurants etc
Latest Blogs
Funding and Strategic Advisory Services to NBFCs and Fintechs
Date : 21-07-2025
Posted By : Intellex Strategic Consulting Private Limited
CBDT Guidelines for Compulsory Scrutiny of Income Tax Returns - FY 2025-26
Date : 25-06-2025
Posted By : www.intellexCFO.com
4 Star level Hotel for Sale in Vile Parle(East), Mumbai
Date : 21-06-2025
Posted By : Intellex Strategic Consulting Private Limited
CL (Career Launcher) Partner / Franchisee opportunity: Best Education Partnership.
Date : 15-06-2025
Posted By : Growmorefranchisees.com
New Shop Convenience Stores- Partner with India's fastest growing 24/7 convenience store!
Date : 12-06-2025
Posted By : Growmorefranchisees.com