The notification came on 10th September, 2018, regarding ‘ISSUE OF SECURITIES IN DEMATERLISED FORM BY UNLLISTED COMPANY’ it’s inserted by new rule as 9A in the Companies (Prospectus and Allotment of Securities) Rules, 2014 vide Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018

As per the above notification one more compliance related work is to be done by the unlisted companies and that is to be done half yearly.

For the purpose of these rule Unlisted company not includes the following:

(a) a Nidhi;

(b) a Government company or

(c) a wholly owned subsidiary.

As per the sub-rule 8 of Rule 9A:

The audit report provided under regulation 55A of the securities and Exchange Board of India (Depositories and participants) Regulations, 1996 shall be submitted by the unlisted public company on a half-yearly basis to the Registrar under whose jurisdiction the registered office of the company is situated.

These will be in prescribed form as attached

The above form will be submitted as the attachment in GNL-2.

Format for Reconciliation of Share Capital Audit Report

Format for Reconciliation of Share Capital Audit Report

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