# Once your demat account is opened, you can place a request for conversion of your physical share certificates into dematerialised format. # You have to surrender your paper shares to the demat company along with a Dematerialisation Request Form. Use separate forms for shares of different companies.
Sebi issues guidelines for transfer, dematerialisation of re-lodged physical shares. The investor would have to submit the demat request, within 90 days of issue of letter of confirmation, to depository participant along with the letter of confirmation.
Please convert your physical shares to demat form by contacting a Depository Participant (DP) immediately with officially valid Know Your Customer (KYC) documents viz (a) PAN (b) Aadhar Card (c)Passport(d)Voter Card (d)Driving License(e) cancelled cheque for opening demat account.
The process of conversion of physical shares to demat
- Step 1: Visit the website of your preferred DP. …
- Step 2: Click on the ‘open a demat and trading account’ link.
- Step 3: Fill in the demat and trading account opening application.
- Step 4: Upload scanned copies of all the necessary Know Your Customer (KYC) documents.
How to surrender the share certificates? Once the Demat account is opened with a DP, you need to surrender the physical certificates to the DP along with a Dematerialisation request form (DRF). You should use separate DRFs for securities of different companies.
You can sell your shares directly to the transfer agent. If you have possession of the stock certificates, you’ll need to sign them and send them to the transfer agent, along with whatever paperwork the agent needs. You’ll probably have to include a fee, although some agents may perform this service for free.
Please note that subject to provisions of the SEBI ICDR Regulations, the pre-Offer Equity Shares that are locked-in for the Lock-In Period may be transferred to another shareholder of the Company who holds pre-Offer Equity Shares that are subject to lock-in and such pre-Offer Equity Shares that are transferred will …
Which of the following is disadvantages of demat account?
One of the main disadvantages of a Demat account is the cost associated with opening and operating a Demat account. Demat account costs include account opening charges, transaction charges, custodian charges and annual maintenance charges.
From Wikipedia, the free encyclopedia. In India, a Depository Participant (DP) is described as an Agent of the depository. They are the intermediaries between the depository and the investors. The relationship between the DPs and the depository is governed by an agreement made between the two under the Depositories Act …
Mode of transfer – If you want to do intra-depository transfer, then you have to choose off-market. If not, then the inter-depository option has to be selected. After giving all these details in the slip, you have to put your signature. After this, you have to submit it to the existing broker.