Dematerialization of shares of Nidhi Company

    Posted By : CS Gaurav / Published on : 25-Sep-2018 11:06 PM / View : 1034 / Comment : 2
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    Is Nidhi company required to do the same?

    As it is not possible for 200+ members to open a demat account to do the proceedings.

    And further many members are not traceable in such companies?

    Please guide on the same what to do, and how to proceed further?

    Please guide.
    Read more on : company nidhi shares dematerialization

    • 200+ members are merely the token shareholders..they are essentially the customers.

      If they are required to open the DEMAT accounts, then who will bear the cost of opening and maintenance of such accounts?

      This rule is not making any sense with respect to Nidhi Companies.

      06-10-2018 / 06:02:37 AM
    • Being a special class of company issuing shares on daily basis unlike of any other public limited company issuing shares occasionally. Its difficult to find a customer having demat account. can any body guide how to take up the issue with the regulator?

      16-10-2018 / 08:12:48 AM

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