Registrars & Share Transfer Agents - Unlisted and Pvt Ltd Companies

In the current landscape, dematerialization stands as an essential requirement. As you may be aware, the Ministry of Corporate Affairs mandates compulsory dematerialization for Unlisted Public companies and Private Limited entities (excluding small companies).

Maheshwari Datamatics Pvt Ltd (MDPL) has held SEBI authorization as a Category-I R&T agent since 1993. Presently, we provide comprehensive R&T services to nearly 250 listed entities, 850 unlisted companies, and numerous private limited companies , offering end-to-end solutions. With a track record spanning over two decades, we've managed more than 10 million shareholders and facilitated close to 100 IPOs in the past decade alone.

We are keen on discussing how our top-tier services can benefit your clients. To explore potential collaboration opportunities or to delve deeper into our suite of services, please feel free to contact us via email at -  mdpldc@yahoo.com

We look forward to initiating this conversation.

Brief steps involved in dematerialisation –

1. Appointment of Registrar & Transfer Agent (R&T): Initiate the process by appointing a Registrar & Transfer Agent. This involves submitting an appointment letter.


2. Corporate ISIN Creation: Create the Corporate International Securities Identification Number (ISIN) with a Depository, either NSDL or CDSL.


3. Facilitate Dematerialization of Shares: Work with the appointed R&T agent to facilitate the dematerialization process of shares, transitioning from physical certificates to electronic form.

Note : -

We as RTA would like to point out some important issue that in case of Pvt Ltd Company once the company gets the ISIN and shares gets demated with NSDL/CDSL, then we have to understand that there is no control on demated shares and one can transfer, sell and purchase the shares in demat form.

There is no control in the hands of Company or RTA to avoid unwanted transfers of shares.

For your noting we would like to inform you that both Depositary NSDL and CDSL provide the system/platform that allows for the restriction of share transfer under certain circumstances. In the case of CDSL, this involves signing the undertaking for freezing at the time of admission for ISIN and NSDL requires suspension of the ISIN.

These restrictions, once imposed, can impact the transferability and liquidity of the shares associated with the respective ISIN. We encourage all our clients to familiarize themselves with the dematerialization process and the mechanisms involved in managing demat securities.