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Govt asks private cos to dematerialise securities by Sep 2024

Govt asks private cos to dematerialise securities by Sep 2024
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Government asks private companies to dematerialise securities by Sept 2024

The government has asked private companies to dematerialise their securities by September 2024, a move that will help enhance transparency and will have a broad impact.

The requirement will be applicable to private companies, excluding small companies and government companies.

There are about 1.4 ....

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private firms: MCA tweaks rules; large unlisted private firms have to issue shares in demat forms

India s Ministry of Corporate Affairs (MCA) has mandated that large unlisted private companies, including unicorns, issue securities only in dematerialized form, giving them until the end of September 2024 to comply with the rule. The move is expected to enhance transparency in the financial market and encourage companies to disclose their share structures more openly. ....

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Govt Tightens Pmla Rules, Brings Partners With 10% Stake Under Its Purview

Govt Tightens Pmla Rules, Brings Partners With 10% Stake Under Its Purview
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

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Govt tightens PMLA rules, brings partners with 10% stake under its purview

The Revenue Department has tightened the rules under the anti-money laundering law to make reporting obligations more stringent for entities like banks, stock brokers and insurers, showed an official order. ....

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