- Government has announced that unlisted public companies have to compulsorily issue new shares in the demat form from October 2. This is a part of its drive against benami entities.
- Any grievances arising out of dematerialisation of securities will be handled by the Investor Education and Protection Fund (IEPF) Authority.
- This step has been taken for “further enhancing transparency, investor protection and governance in the corporate sector”, the Corporate Affairs Ministry said in a release.
Points to remember:
- Which types of companies?- Public unlisted
- Date from which?- Oct 02, 2018
- Full form of IEPF