Overview
The Ministry of Corporate Affairs (MCA) has fundamentally changed how private companies operate. As per the latest mandates, all non-small Private Limited Companies must dematerialize their shares. They must secure an International Securities Identification Number (ISIN) and facilitate the conversion of physical share certificates into electronic format in the shareholders' demat accounts. Furthermore, the company must file a half-yearly reconciliation return (Form PAS-6). Any future issue or transfer of shares in these companies can ONLY occur in dematerialized form.
What is Included in Our Package
Detailed compliance and filing scope managed by JRC corporate experts.
Documents Required to Start
Upload digital files during onboarding. No physical submissions needed.
Corporate Data (For ISIN)
- Audited Financial Statements for the last 2 years
- Net Worth Certificate certified by a CA
- Current MoA and AoA
- List of Shareholders and Directors with PAN
Step-by-Step Dematerialization Timeline
Our step-by-step advisory workflow.
Step 1: RTA Appointment
The company passes a board resolution and enters into a tripartite agreement with a SEBI-registered RTA and a Depository.
Step 2: ISIN Generation
We submit the corporate data to NSDL/CDSL. Upon approval, the Depository allots a unique ISIN to the company's shares.
Step 3: Demat Request
Shareholders submit Demat Request Forms (DRF) along with physical certificates to their broker, which the RTA validates.
Step 4: PAS-6 Filing
Every half-year (Sept 30 and March 31), we reconcile the issued capital with the dematerialized shares and file Form PAS-6 with the MCA.
Key Advantages of Demat Compliance
Digitization secures equity and ensures legal maneuverability.
Enable Share Transfers
Shareholders in non-small private companies cannot sell or transfer their shares unless they are held in a demat account.
Eliminate Physical Risks
Physical share certificates are prone to theft, forgery, mutilation, or loss. Demat secures ownership electronically.
Compliance with MCA
Filing PAS-6 half-yearly keeps the company compliant and avoids penal action against the directors.
Frequently Asked Questions
Helpful answers to common regulatory inquiries.
Are "Small Companies" exempt from this rule?▼
Yes. Currently, Private Companies that qualify as "Small Companies" (Paid-up capital < Rs. 4 Cr AND Turnover < Rs. 40 Cr) are exempt from mandatory dematerialization. However, they can do it voluntarily.
Can the company force shareholders to open a Demat account?▼
The company cannot force existing shareholders. However, the shareholder cannot receive new shares, bonus shares, or transfer their existing shares until they open a demat account and convert them.
Professional Legal Desk
Corporate filings managed directly by certified Chartered Accountants & Company Secretaries.
Need Fast Track Assistance?
Speak directly with our senior corporate consultant for a detailed service overview and custom requirements.
Contact Desk