The Ministry of Corporate Affairs, Government of India has issued notification dated September 10, 2018 and accordingly, with effect from October 02, 2018, as per Rule 9A(1) of the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 (“the Rules”), ‘every unlisted public company shall
(a) Issue the securities only in dematerialized form; and
(b) Facilitate dematerialization of all its existing securities in accordance with provisions of the Depositories Act, 1996 and regulations made there under.
Further, as per Rule 9A(3)(a) of the said Rules, ‘Every holder of securities of an unlisted public company, who intends to transfer such securities on or after 2nd October, 2018, shall get such securities dematerialized before the transfer.
Therefore, KAMPA BHAI VOCATIONAL TRAINING INSTITUTE LIMITED has secured International Security Identification Number (ISIN) from National Securities Depository Limited (NSDL) and it is INE0ANJ01014. The ISIN has also been activated with National Securities Depository Limited (NSDL).
As per the above Rules, any shareholder who is desirous of transferring shares of an unlisted public company, which are held in physical form, after October 02, 2018 can do so only after the shares are dematerialised. It be noted that the above Rules do not bar investors from holding shares in the physical form even after October 02, 2018. Further, the aforesaid Rules are not applicable for transfer of title of shares by way of inheritance or succession and interchanging of the order of name of shareholders.
Details of Registrar and Transfer Agent for Equity shares
NSDL Database Management Limited (CIN U72400MH2004PLC147094)
4th Floor, Trade World A Wing, Kamala Mills Compound, SenapatiBapatMarg, Lower Parel, Mumbai – 400 013
022 4914 2597 (D), 022 4914 2700 (B) , 9870455759 (M) 022 49142503
sachin.shinde@nsdl.co.in
Website: www.nsdl.co.in | www.ndml-nsdl.co.in
Frequently Asked Questions (FAQs)
Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited in the investor's account with its DP. In order to dematerialise certificates; an investor will have to first open an account with a DP and then request for the dematerialisation of certificates by filling up a dematerialisation request form [DRF], which is available with the DP and submitting the same along with the physical certificates. The investor has to ensure that before the certificates are handed over to the DP for demat, they are defaced by marking "Surrendered for Dematerialisation" on the face of the certificates.
According to the Ministry of Corporate Affairs (MCA), the major benefits of dematerialisation of securities which will now be available to unlisted Public companies include:
1. Elimination of risks associated with physical certificates such as loss, theft, mutilation, fraud etc.
2. Improving the corporate governance system by increasing transparency and preventing mal-practices such as benamishareholding, back dated issuance of shares, etc.
3. Exemption from payment of stamp duty on transfer.
4. Ease in transfer, pledge etc. of securities.
Dematerialization is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited in the investor's account with its DP. In order to dematerialise certificates; an investor will have to first open an account with a DP and then request for the dematerialization of certificates by filling up a dematerialization request form [DRF], which is available with the DP and submitting the same along with the physical certificates. The investor has to ensure that before the certificates are handed over to the DP for demat, they are defaced by marking "Surrendered for Dematerialization" on the face of the certificates.
Before defacing the share certificate, you must ensure that it is available for dematerialisation. You must therefore check with your Depository Participant (DP) whether the ISIN (code number for the security in a depository system) has been activated and made available for dematerialisation by the depository. If yes, then you may deface the share certificate. The certificates are defaced by marking "Surrendered for Dematerialization" on the face of the certificate.
A depository interfaces with the investors through Depository Participants (DPs). If an investor wants to avail the services offered by the depository, the investor has to open an account with a DP. This is similar to opening an account with any branch of a bank in order to utilize the bank's services.
Do I have to keep any minimum balance of securities in my account with my DP?
In order to dematerialise physical securities one has to fill in a DRF (Demat Request Form) which is available with the DP and submit the same along with physical certificates that are to be dematerialised to the DP.
No. The demat account must be opened in the same ownership pattern in which the securities are held in the physical form. e. g. if one share certificate is in your individual name and another certificate is jointly held in your and your wife's name, two different accounts would have to be opened.
No. The demat account must be opened in the same ownership pattern in which the securities are held in the physical form. e. g. if one share certificate is in your individual name and another certificate is jointly held in your and your wife's name, two different accounts would have to be opened.
Dematerialization will normally take about 30 days.
When securities of a company are held in physical form by an investor, his/ her name is recorded in the books of the company as a ‘Registered Owner’ of the securities. When physical shares are converted into electronic form, the depository becomes ‘Registered owner” in the books of the company and investor’s name is removed from books of the company.
All the benefits of the dematerialized shares are given to the actual investors.
- All the corporate benefits such as dividend, bonus shares, rights shares, etc. if and when decided to be offered by the Company will be issued to the actual investors who hold shares in electronic form.
- The dividend amount if and when declared by the Company will be sent to bankers of actual investors directly.
- The entitlements of rights and bonus shares, if and when decided to be issued by the Company, will be credited to the actual investors’ accounts as per Investors’ option and the terms of issue.
You may buy or sell Shares in electronic form through depository by coordinating with your DP.
- KAMPA BHAI VOCATIONAL TRAINING INSTITUTE LIMITED is an unlisted Public Limited Company. The shares of KAMPA BHAI VOCATIONAL TRAINING INSTITUTE LIMITED are not listed on any stock exchange for trading.
- Presently, the Company does not have any plans of making Public Issue through IPO.
