ENA MSME 2023-10-30 16:23:32 <p><span style="font-size:14px"><strong>New Delhi, Oct 30 (KNN)</strong> The central government has made it compulsory for all private companies to facilitate dematerialisation of existing securities till end of September 2024.</span></p> <p><span style="font-size:14px">It has exempted small firms with a capital under Rs 4 crore and turnover less than Rs 40 crore and government companies from this mandate.</span></p> <p><span style="font-size:14px">The Ministry of Corporate Affairs (MCA) said that no private company can issue or buy-back its securities after September 30, 2024, until the entire holding of securities of its promoters, directors and key managerial personnel have been dematerialised.</span></p> <p><span style="font-size:14px">Also, every holder of securities who intends to transfer such securities on or after September 30, 2024 shall get them dematerialised before the transfer.</span></p> <p><span style="font-size:14px">Those private firms that are neither holding nor subsidiary companies will be spared from the burden of dematerialisations.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 35330 https://knnindia.co.in/news/newsdetails/msme/govt-exempts-small-firms-under-rs-40-cr-turnover-from-dematerialisation-of-securities 2023-10-30 16:23:32 knnindia.co.in