Obtaining ISIN means the Demat Registration of Public & Private Unlisted Companies by NSDL / CDSL.
WHY THE NEED TO GET LIMITED COMPANY ADMITTED WITH A DEPOSITORY (NSDL / CDSL)?
The Ministry of Corporate Affairs (MCA) Government of India vide its circular on 10th Sept 2018 has notified Amendment to The Companies (Prospectus and Allotment of Securities) Rules, 2014 making it mandatory for every Unlisted Publicly held Company to facilitate Dematerialisation of all its existing securities. Every unlisted public company making any offer for issue of any securities or buyback of securities or issue of bonus shares or rights offer shall ensure that before making such offer, entire holding of securities of its promoters, directors, key managerial persons has been dematerialised. Transfer of securities on or after 2nd October, 2018 shall be effected only if such securities are dematerialised before the transfer.
According to Companies (Prospectus and Allotment of Securities) Third Amendment rules Act, 2019 , The Ministry of Corporate Affairs (MCA) Government of India Circular on 22nd May, 2019 read with Sec 55A of the SEBI Act, Every Unlisted Public company has to obtain ISIN from NSDL/CDSL and has to file half yearly return in form PAS-6-Reconcilaitaion of Share Capital Audit-half yearly (As on March & September of every year). Henceforth, obtaining ISIN from NSDL / CDSL is now mandatory for all unlisted public companies to file ROC Form PAS-6.
Every Unlisted Public Company has to Obtain ISIN-Demat Registration to Issue Intial and Futher Shares in Demat / Electronic form.
We HARMILAP SHARE TRANSFER AGENTS provide FREE DEMAT Registration Services (Obtaining ISIN from NSDL / CDSL) of unlisted Public & Private Limited client companies for the first financial year to Professional CA, CS, CWA.
Documents required for Obtaining ISIN from Client Company.
1. PAN Number, GST Registration, COI, MOA and AOA.
2. Latest Audited Balance Sheet, P&L, Notes to Accounts (for FY 2021-22).
3. Email ID and Contact Number and Name of Director to be authorized.
Benefits to Appoint RTA for your unlisted Private Company
1. Universally recognized identification of your private company.
2. Your Company’s Shares are Visible in Demat Accounts of each Share Holders.
3. Digitally secure way of Holding Shares & Securities.
4. Quick Transfer of Shares.
5. Eliminates theft, forgery, loss, and damage to the physical certificates.
6. Shares can be Transferred or Pledge by which a company can easily generate funds from the Financial Market.
7. Compiled in the eye of Government regulatory bodies.
For more details , please feel free to contact us at Ph: +91-9205234407 / 8929835991 or email us at : info@harmilaprta.com