Securities can be held in electronic (dematerialized) form through the depository mode. In the case of a public/rights issue of securities of listed companies, the company must give investors an option to receive the securities in physical or electronic form. For shares held in dematerialized form, no stamp duty is payable on a transfer of the shares. Shares of unlisted public company or private company also may be held in dematerialized form. Members, shareholders. An individual or legal entity, whether Indian or foreign, may be a shareholder of a company. A public company should have at least seven members;.
