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MCA Extends Demat Compliance Deadline Until June 30, 2025
Updates by PracticeGuru
The Ministry of Corporate Affairs (MCA) has amended the Companies (Prospectus and Allotment of Securities) Rules, 2014, regarding mandatory dematerialization (demat) of securities under Rule 9B.
The amendment provides that a private company, other than a Producer Company, which is not a small company as of March 31, 2023, must comply with Rule 9B(2) by June 30, 2025. This extension offers relief to eligible companies by granting additional time for compliance.
The amendment takes effect upon publication in the Official Gazette. The MCA clarified that the change has no adverse impact due to its retrospective effect, ensuring a smoother transition for applicable businesses.
The amendment provides that a private company, other than a Producer Company, which is not a small company as of March 31, 2023, must comply with Rule 9B(2) by June 30, 2025. This extension offers relief to eligible companies by granting additional time for compliance.
The amendment takes effect upon publication in the Official Gazette. The MCA clarified that the change has no adverse impact due to its retrospective effect, ensuring a smoother transition for applicable businesses.
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