Dematerialise your shares — now mandatory for private companies.
The Ministry of Corporate Affairs mandated dematerialisation of all shares in private limited companies under Rule 9B of the Companies (Prospectus and Allotment of Securities) Rules. Physical share certificates are no longer valid once demat is complete.
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Demat Process Completed in 15 Days*
*Timeline is indicative and may vary based on document verification and government processing.
What is Dematerialisation of Shares?
Dematerialisation (demat) is the conversion of physical share certificates into electronic form held in a demat account with a Depository Participant (DP) registered with NSDL or CDSL. The Ministry of Corporate Affairs, through the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 — Rule 9B — mandated that all private limited companies (other than small companies as defined under Section 2(85) of the Companies Act) must facilitate dematerialisation of all their securities. Shareholders of such companies cannot transfer or subscribe to new shares unless they hold a demat account. The company must: apply for an ISIN (International Securities Identification Number) through a Registrar & Transfer Agent (RTA) registered with NSDL/CDSL, and all shareholders must open demat accounts and convert their physical certificates to electronic form.
Who Must Comply with Rule 9B?
- Private limited companies with paid-up capital exceeding ₹4 crore
- Private limited companies with turnover exceeding ₹40 crore
- Any private company that has already applied for ISIN in the past
- Companies with ESOP plans — demat is required before option exercise
- Companies seeking external investment — investors require demat for secondary transactions
- Companies involved in share buyback, transmission, or pledge of shares
The Demat Process
ISIN Application via RTA:
Engage an NSDL/CDSL-registered RTA. The RTA submits an ISIN application with the company's CIN, PAN, share capital details, and board resolution to NSDL/CDSL.
ISIN Allotment:
NSDL/CDSL reviews the application and allots the company's ISIN — typically within 7–10 working days.
Shareholder Demat Account Opening:
Each shareholder opens a demat account with any NSDL or CDSL Depository Participant (DP) — bank, broker, or standalone DP.
Demat Request Form (DRF) Submission:
Shareholders submit physical share certificates along with a Demat Request Form to their DP for dematerialisation.
Physical Certificate Verification:
The DP sends the certificates to the RTA for verification and confirmation. The RTA confirms authenticity and the demat credit is processed.
Electronic Credit:
Shares appear as electronic holdings in each shareholder's demat account. Physical certificates are cancelled.
What We Handle for You
Assessment of whether your company is covered under Rule 9B
Identification and engagement of an appropriate RTA for ISIN application
Board resolution preparation authorising ISIN application and demat process
ISIN application coordination with NSDL/CDSL via RTA
Guiding each shareholder on demat account opening — DP selection and documentation
Coordinating Demat Request Form (DRF) submissions and physical certificate surrender
Confirming demat completion and updating company's shareholder records
How It Works
Share Your Details
Fill a short form or call us. We collect your requirements and all documents online — no physical visit needed.
Expert Assignment
A dedicated specialist with expertise in your service category is assigned to your case within 24 hours of payment.
Work in Progress
Your expert prepares documents, files applications with the relevant authority, and follows up on your behalf.
Delivery
Your registration certificate, legal document, or filed return is delivered digitally to your Golden Verdict dashboard.
Get Your Shares Dematerialised Without Any Hassle
ISIN application to NSDL/CDSL via RTA, shareholder demat account guidance, physical certificate surrender, demat credit, and MCA compliance advisory.
Pricing
Custom Quote
Pricing tailored to your specific requirements
Get Your Shares Dematerialised Without Any Hassle
ISIN application to NSDL/CDSL via RTA, shareholder demat account guidance, physical certificate surrender, demat credit, and MCA compliance advisory.
Pricing
Custom Quote
Pricing tailored to your specific requirements
Why Golden Verdict For
Demat of Shares?
Many private limited companies — particularly those incorporated before 2024 — still have physical share certificates and have not initiated the demat process, leaving them non-compliant with Rule 9B. Non-compliance means shares cannot be transferred, new shares cannot be allotted, and ESOP exercises are blocked. Golden Verdict manages the complete demat process: identifying an appropriate RTA, making the ISIN application to NSDL/CDSL, guiding each shareholder on opening demat accounts, coordinating physical certificate surrender and demat credit, and confirming the demat completion with the company's MCA records.
Physical share certificates are history. Demat is the law now — Golden Verdict makes the transition seamless.
Frequently Asked Questions
Which companies must dematerialise their shares?+
What is an ISIN?+
What is an RTA (Registrar & Transfer Agent)?+
Do all shareholders need their own demat account?+
What happens after demat — are physical certificates valid?+
What are the penalties for non-compliance with Rule 9B?+
Ready to get your Demat of Shares?
The Ministry of Corporate Affairs mandated dematerialisation of all shares in private limited companies under Rule 9B of the Companies (Prospectus and Allotment of Securities) Rules. Physical share certificates are no longer valid once demat is complete.
“Physical share certificates are history. Demat is the law now — Golden Verdict makes the transition seamless.”
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