The secretary of Issuer
Company has to perform the following duties in respect of issuing securities in
electronic form.
1.
The Secretary has to ensure that the draft
prospectus has been filled with the SEBI
through an eligible Merchant Banker, at least 21 days prior to the filling of prospectus with the Registrar of
Companies. SEBI suggests changes in
the draft prospectus. The issuer company (it is a company which makes an issue
of securities) carries out such changes in it before filing prospectus with the
Registrar of Companies.
2.
The Secretary has to ensure whether the company's
scrip (rule) come under
compulsory dematerialized trading or not.
3.
If the dematerialized trading is compulsory, the
secretary has to see that the company enters into an agreement with the
depository.
4.
The Secretary has to see that the company made an
application for listing of securities on the stock exchanges.
5.
The Secretary has to ensure that the company gives
an option to the subscriber or the shareholder or the investor to receive
security certificate in dematerialized form with a depository.
6.
The Secretary has to intimate details of allotment to
the depository immediately.
