Demat Accounts

Govt may ask public unlisted firms to convert shares into demat form

“About 80% of shares issued by these public unlisted companies are in physical form,” said an official from a depository firm, one of the three cited earlier, declining to be named. 

This move is “akin to ‘lifting the veil’ as physical shares by their very nature tend to be opaque.”

Samir Paranjape
Partner, Grant Thornton India LLP

This article appeared in Live Mint on 08th September, 2017.