The recent dematerialisation mandate issued by the Ministry of Corporate Affairs signals a pivotal shift for businesses, particularly private limited companies (excluding small and government entities).
Under the new rule, securities must be converted into electronic form, marking a departure from paper-based processes. This move, effective immediately but with an 18-month compliance window ending on or after 31 March 2023, aims to streamline operations and foster transparency in securities issuance. By embracing digital formats, businesses stand to benefit from improved efficiency while instilling greater trust among investors through enhanced security measures and transparency.
How Grant Thornton Bharat can help
Dematerialisation of securities can be a complex process, but Grant Thornton Bharat is here to guide you through every step with our comprehensive suite of services. Our team of dedicated professionals can help you with:
Compliance review
Reconciliation of the shareholdings of the company along with share certificates.
Facilitating ISIN generation and issuance of further securities in dematerialised form
Handling the application preparation, documentation, and coordination with Depository to obtain ISIN
Resolving issues related to security certificates and stamp duty
Navigating complex legal and regulatory requirements, including adjudication processes.
Coordinate with the registrar and transfer agent (RTA) for dematerialisation and corporate actions
Ensuring seamless communication and timely execution of all necessary actions.
Assist in tripartite agreements with Depositories and the RTA
Establishing agreements that protect your interests and ensure efficient transactions.
Aid in the establishment of demat accounts for both domestic and international security holders
Offering comprehensive across borders to make the process easy for investors.
Assist in the conversion of existing securities into dematerialised form
Managing the entire process efficiently to minimise disruption.
Handle all periodical regulatory filings
Complying with reporting requirements accurately and on time.
By leveraging our expertise, your business can benefit from:
Optimised processes and minimised turnaround times
Reduced transaction time
Enhanced operational efficiency and transparency
Reduced risk of forgery, loss,theft and tampering
Increased investor confidence
Demat360: Dematerialisation for private companies
This flyer lists the services offered by Grant Thornton Bharat for navigating the dematerialisation process.