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Demat of shares

Demat (Dematerialisation) of Physical Shares

 

 

Opening a Demat account is a very easy and hassle-free procedure. Investors enjoy the flexibility to choose a Depository Participant (DP) registered with either Central Depository Services Limited (CDSL) or the National Securities Depository Limited (NSDL). Once the DP is selected, investors can approach them to initiate the process of opening a Demat Account in their own name. Opting for a DP affiliated with either of these depositories enhances the credibility and dependability of your Demat account.

 

The Benefits of Holding a Demat Account -

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A Demat account, short for dematerialized account, is an electronic account used to hold and manage securities such as stocks, bonds, mutual funds, and other financial instruments in electronic form.

Here are some benefits of holding a Demat account:

  1. Convenient and Secure
  2. Easy Transfer and Trading
  3. Eliminates Risk of Loss or Damage
  4. Access to a Wide Range of Investments
  5. Lower Costs
  6. Dividends and Interest
  7. Tracking and Portfolio Management
  8. Corporate Actions
  9. Loan against Securities

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Demat was introduced in India in 1996 as a means to electronically hold and trade securities. It has now become a vital necessity due to the Securities Exchange Board of India (SEBI) notification. The notification, effective from April 1, 2019, restricts the transfer of physical shares, except for transmission and transposition, in both stock exchanges and off-market transactions.

The introduction of Demat revolutionized the Indian stock market, streamlining the process of buying, selling, and transferring securities and enabling investors to hold their investments in a dematerialized form. Since its inception, Demat has become an integral part of the Indian financial system, facilitating efficient and transparent trading activities. In order to sell or transfer physical shares, it is only possible if the shares have been dematerialized and converted into electronic form. Despite its apparent simplicity, the process of opening a Demat Account and submitting shares to the DP presents its unique challenges.

Whether it entails rectifying a minor spelling error in the shareholder’s name as printed on the physical shares or addressing changes in the shareholder’s signature over time, each scenario requires a distinct approach.

Feel free to contact us at enquiry@claimmyshares.com  or call us on +91 83290-77612 / +91 77700-19721 for assistance.

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