Dear Members,
is it mandatory to dematerialise every unlisted public limited company shares? Except few..
except a public company which is a Nidhi, a Government company or a wholly owned subsidiary.
'In view dematerialization of equity shares of unlisted public companies, what is the process for the transfer of shares from resident Indian to NRI? '
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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.