X, a shareholder of a listed company holding 1,000 equity shares of ₹100 each on 1st January, 2019 in physical form, wants to transfer to another shareholder Y on 1st May, 2019. X is also holding Commercial Paper & C
CS Executive · Securities Laws and Capital Markets · PYQS · December 2021
X, a shareholder of a listed company holding 1,000 equity shares of ₹100 each on 1st January, 2019 in physical form, wants to transfer to another shareholder Y on 1st May, 2019. X is also holding Commercial Paper & Certificate of Deposits of ₹50,000 & ₹20,000 respectively. As a Company Secretary of the company, write a note on: Are Commercial Paper & Certificate of Deposits available for dematerialisation at Depository?
Answer & Explanation:
Yes, Commercial Papers and Certificates of Deposits irrespective of whether these instruments are listed / unlisted / privately placed can be dematerialized with depository, if they have been admitted with the depository.
Topics: Depositories and Dematerialisation
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