Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited in the investor's account with its DP.
Is dematerialisation compulsory?
According to the Depositories Act, 1996, an investor has the option to hold shares either in physical or electronic form. However, SEBI has notified that settlement of trades in almost all listed securities should take place only in the demat mode.
What is the procedure for dematerialisation?
In order to dematerialise certificates, you will have to first open an account with us and then request for the dematerialisation of certificates by filling up a dematerialisation request form [DRF], and submitting the same along with the physical certificates. You have to ensure that before the certificates are handed over for demat, they are defaced by marking "Surrendered for Dematerialisation" on the face of the certificates.
Can I dematerialise any share certificate??
You can dematerialise only those certificates that are already registered in your name and belong to the list of securities admitted for dematerialisation at NSDL/CDSL. Shares held in street name (market deliveries) cannot be dematerialised.
Can all securities be dematerialized through a single demat account?
Yes, any number of securities can be dematerialized and held through one demat account provided all of them are registered in same names.
Can an investor have part of his holdings in demat form and part of his holdings in the form of share certificates for the same security?
Yes. The investor can dematerialise part of his holdings for the same security.
Is it compulsory to mention the ISIN number of the company while filling up the Demat Request form?
Yes, the ISIN number and company's name should be mentioned. You can refer our website for ISIN details.
Do dematerialised shares have distinctive/ certificate numbers
No. Dematerialised shares do not have any distinctive or certificate numbers. These shares are fungible - which means that 100 shares of a security are the same as any other 100 shares of that security.
Can odd lot shares be dematerialised?
Yes. Odd lot share certificates can also be dematerialised.
How long does the dematerialisation process take?
Dematerialisation will normally take about 30 days
