This query is regarding Dematerialsation of physical share of unlisted public company as per rule Rule 9A.
The rule say that No share shall be allotted or transferred on or after October 2018 unless all the existing share of the company is dematerialized.
We suggested our Client company to demat their share but they denied to do so because they will not allot or transfer the share of the Company in future .
Whether there is any violation of law if the company do not demat their share. Please reply.
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