MCA has notified the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2024. Amendment states that a private company, which is not a small company as of the FY ending on or after March 31, 2023, must dematerialise its securities within 18 months of the closure of FY.
A producer company must comply with dematerialisation provisions within a period of 5 years from the closure of such FY.