Dematerialization of Shares
As per the notification dated 27th October 2023, issued by the Ministry of Corporate Affairs, every Private Company, other than a small Company, shall within eighteen months of the closure of the financial year 2022-23 issue the securities only in dematerialized form and facilitate dematerialization of all of its securities, in accordance with provisions of the Depositories Act, 1996 (22 of 1996) and regulations made thereunder.
Refer SS from the notification