Ans & Co., Company Secretaries

12/09/2024

Can transfer restrictions of private companies remain , post Demat?

In India, demat is being mandated for private company shares, thus the transfer restrictions imposed by the Articles of Associates and enabling free , which is never intended. To prevent this malice, the Board of directors should take adequate to guard the transfer restrictions by enabling "Frozen for Debit" instruction, as soon as ISIN is created. The Ministry of Corporate Affairs (MCA) should frame adequate to protect the of transfer restrictions in a private company by creating "Transfer Window", similar to the SEBI regulations on "Trading Window". Contd in https://www.taxmann.com/research/company-and-sebi/top-story/105010000000024523/can-transfer-restrictions-of-private-company-remain-sacrosanct-post-demat-experts-opinion

Thank you Taxmann for your publication of our under in website.

Sincere thanks to the guidance given by Mr. Balakrishnan Rama Sir for this publication, and remain of his focussed & recurring stamina.

With Mr. Sakthi Devarajan S for his active involvement and insightful contribution in co-authoring this.

Let's keep LearningAlot



Ans & Co., Company Secretaries
Institute of Company Secretaries of India
Ministry Of Corporate Affairs
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In India, demat is being mandated for private company shares, thus risking the transfer restrictions imposed by the Articles of Associates and enabling free transferability, which is never intended. To prevent this malice, the Board of directors should take adequate steps to guard the transfer restr...

16/01/2024

When a syncs with a , the real knowledge blooms.

Thanks to Indian Institute of Management Bangalore IIM Bangalore 's on "The Changing Landscape of Corporate
Governance & Sustainability: Walking the Talk" hosted by the Centre for and for making it , where a galaxy of researchers, practitioners, industrialist meet to and suggest qualitatively for the making Governments. Social thanks to Raghuram Rajan, Gagandeep Bhullar, J N Gupta, Dwarakanath Chennur and many more.

Special Thanks to Akshay Dhuria's view of the paper on real life cases of the , that's when a global context is set. He played an excellent .

Rather than being inactive for violation (considering courts have lesser time), it's better to enforce a default by the regulator.

Hopefully, all Indian takes this route, by which India sets the global standard for compliance, which will drive towards best practices.

The Indian Government, Ministry of Corporate Affairs has taken a step and now it's the time to evaluate and decide the best for , , so that it becomes the governance route for the world to follow.

With mandatory , is going to set pitch for transfer of shares. Overwhelmed the play of through portal for all compliances in India.

will pave a governance path to be adhered to safeguard from the governance .

Happy to be a part of with respect to .

With the spirit of are for LearningAlot, it has been such a journey with the of with ICSI:Institute of Company Secretaries of India ICSI (Institute of Company Secretaries of India)

30/09/2023

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