Can unlisted shares be dematerialized?

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Yes, the unlisted shares can be dematerialized. Nowadays, unlisted shares are traded only in dematerialized form.

If you hold shares in physical form, you should have them dematerialized because physical share certificates will soon disappear even for unlisted shares.

Brokers require the client master list of the demat account as one of the KYC documents when an investor wants to buy unlisted shares.

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