Public offer of securities to be in dematerialized form.
Section 29 of Companies Act 2013
1. Notwithstanding anything contained in any other provisions of this Act,—
a. every company making publicoffer; and
b. such other class or casses of public companies asmay be prescribed, shall issue the securities only in dematerialised form by complying with the provisions of the Depositories Act, 1996 and the regulations made there under.
2. Any company,other than a company mentioned in sub-section (1), may convert itssecurities into dematerialised form or issue its securities inphysical form in accordance with the provisions of this Act or in dematerialised form in accordance with the provisions of the Depositories Act, 1996 and the regulations made there under.
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