COMPULSORY DE-MATERIALIZATION OF SECURITIES OF THE COMPANY-CREATION OF ISIN

CREATION OF ISIN

COMPULSORY DE-MATERIALIZATION OF SECURITIES OF THE COMPANY

Refer to the article published in TOI, dated 30.05.2018, Unlisted Public Companies are required to issue their shares in Demat Form only.

However same is not yet notified by the SEBI/MCA. Although same may be notified by November, this year.

Here is the link to your perusal

What is ISIN?

The International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The organization that allocates ISINs in any particular country is the country's respective National Numbering Agency (NNA).

Elements of the ISIN Number:

An ISIN identifier code has 12 alphanumeric characters and is structured to include:

1. the country in which the issuing company is headquartered

2. the specific security identification number

3. a final character that acts as a security check to deter fraud or misuse 

The first two digits are reserved for the security's country of origin or head office of the issuing company. The second grouping, which is nine characters long, is reserved for the security's unique identifying number. The final digit, known as a "check digit", assures the code's authenticity and lowers the frequency of errors or misuse.

The middle nine digits of the ISIN system number is administered by the local Country's numbering agency, which is called the CUSIP Service Bureau in the United States.

This office was created to improve the numbering system for securities by developing a national standard for the financial industry. The CUSIP Service Bureau was first established in 1964 and continues to enforce the numbering system through a board of trustees

You may get the shares of your Company into Demat by creation of ISIN in simple and easy way.

List of documents required to be submitted by the Issuers at the time of joining NSDL

1.    Letter of intent cum Master Creation Form

2.    Certified true copies of Audited Annual Reports for last two years.

3.    Certified true copy of Memorandum of Association / Articles of Association.

4.    Net Worth certificate from a Chartered Accountant. 

5.    Undertaking from company in the enclosed format (for private limited companies).

6.    Form PAS-3 ROC for all issues if any after the last balance sheet date. Book Value Certificate after the date of last allotment

7.    Form SH-7 if there is any variation in face value of shares or reduction in capital after the last balance sheet date

8.    If the company is already admitted in CDSL, the ISIN activation letter from CDSL to be submitted.

9.    In case of unlisted company, NSDL is charging fee of Rs.30000 + GST for activation.  

For draft formats and details of the above documents. contact via csravi2014@gmail.com or Ping at 7838204665 (Call or What's App) with details of the Company.

• Name of Company:
• Capital:
• Corporate Office Address:
• Name of Contact Person:
• Contact Details:

Procedure for admission of Equity & Preference Shares with CDSL

In order to admit its securities with CDSL, a company should first establish electronic connectivity with CDSL. The company can establish a direct in-house electronic connectivity with CDSL or can utilize the services of a Registrar and Transfer Agent (RTA) having electronic connectivity with CDSL.

1. The company should submit the certified true copy(ies) of the following document(s) along with the payment to CDSL:

·         Payment towards Processing & Annual Issuer Charges through NEFT/Demand draft favouring 'Central Depository Services (India) Limited'.

·         Tri-partite (for franking and e-stamping / on stamp paper) or bi-partite (for franking and e-stamping / on stamp paper) agreement should be executed with CDSL in triplicates with one original and two copies of the original agreement with ORIGINAL SIGNAURES AND RUBBER STAMP on it. Stamp duty payable on agreements will be Rs.600/- if executed in the state of Maharashtra.
Please do not mention the date on the agreement. The date of execution of agreement will be entered by CDSL, after obtaining necessary approvals for admitting the company. If the agreement is received with the date mentioned on it, same would be rejected and issuer, RTA has to execute new agreement.

·         Master Creation Form (MCF)

·         Soft copy of security details in prescribed format (Equity / Preference Shares).

·         Board Resolution for admission of securities with CDSL mentioning the details about authorized signatory(ies) and appointment of RTA, if any.

·         Capital Confirmation/Listing Certificate(s)/In-principle Approval(s) of Listing, from the Stock Exchange(s) where the security is Listed/Proposed to be Listed – Applicable in case of Listed Company.

·         Undertaking-cum-Indemnity (for franking / on stamp paper) should be submitted. Applicable in case of an Unlisted Companies. Stamp duty payable on Undertaking-cum-Indemnity will be Rs.500/- if executed in the state of Maharashtra. If executed in other states, stamp duty payable in the respective states will be applicable.

·         Declaration from Issuer & RTA confirming Electronic and Physical Connectivity – Applicable and MANDATORY in case of Listed Company.

·         Latest Reconciliation of Share Capital Audit Report – Applicable in case of Listed Company.

·         Letter for freezing/unfreezing of securities – Applicable in case of Private Limited Company.

·         Annual Report for the last financial year

·         Memorandum & Articles of Association along with Certificate of Incorporation.

Thank you

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Ravi Garg                                    

Company Secretary                    

91-7838204665,

csravi2014@gmail.com