Dematerialised Form definition
Examples of Dematerialised Form in a sentence
Shares may also be transferred in accordance with the rules of a clearing system as the Articles permit the transfer of Shares in Dematerialised Form.
The debentures either in shall be transferable and transmittable in the same manner and to the same extent and be subject to the same restrictions and limitations as in the case of the existing equity shares of the Company, subject to the provisions applicable to securities issued to the Debentureholder(s) in physical form and the Beneficial Owner(s) in Electronic (Dematerialised) Form.
Shares in a Fund will be issued in Dematerialised Form in the ICSD subject to the issue of a Global Share Certificate (where required by the ICSD in which the Shares are held).
For the Debentures issued and owned in Electronic (Dematerialised) Form the Company shall make the payment of principal amount to the Debentureholder(s) / Beneficial Owner(s) of Debentures or to any subsequent Transferee who are entitled to receive the payment on the due date of redemption.
In case of Equity Shares held in Dematerialised Form, as on the Record Date, the face value of Equity Shares shall be reduced automatically to Re. 1/- per share.