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The Companies Act, 1956

Prospectus and Allotment and Other Matters Relating to Issue of Shares or Debentures (55 to 81)

Section 68B Initial offer of securities to be in dematerialised form in certain cases.

Section 68B Initial offer of securities to be in dematerialised form in certain cases. 

Notwithstanding anything contained in any other provisions of this Act, every listed public company, making initial public offer of any security for a sum of rupees ten crores or more, shall issue the same only in dematerialized form by complying with the requisite provisions of the Depositories Act, 1996 (22 of 1996) and regulations made thereunder.