Rules [ Chapter III Part I The Companies (Prospectus and
Allotment of Securities) Rules, 2014 ]
9 Dematerialisation of securities
The promoters of every public company making a
public offer of any convertible securities may hold such securities only in dematerialised
form:
Provided
that the entire holding of convertible securities of the company by the
promoters held in physical form up to the date of the initial public offer
shall be converted into dematerialised form before such offer is made and thereafter
such promoter shareholding shall be held in dematerialized form only.
Demateralisation
of securities : The entire holding of
convertible securities of the company by the promoter held in physical form up
tothe date of initial public offer shall be converted into dematerialised form
before such officer is maed. Promoter
shareholding shall be held in demateriazlized form only
Convertible
securities : Convertible preference shares, convertible Debentures etc.are few examples.
Convertible preference shares can
further be categorised into
Compulsorily Convertible Preference
Shares (CCPS) '
Optionally Convertible Preference Shares
|
- Convertible Debentures |
|
|
- Compulsorily convertible
Debentures, |
CCD |
|
Optionally
convertible Debentures |
OCDs |
|
Partially
convertible Debentures |
PCDs |
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