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DEMATERIALISATION and REMATERIALISATION

Discuss DEMATERIALISATION and REMATERIALISATION within the Financial Management forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Dematerialisation Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities ...

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DEMATERIALISATION and REMATERIALISATION
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Abhijeet S
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DEMATERIALISATION and REMATERIALISATION - September 2nd, 2010

Dematerialisation
  • Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic format and credited in the investor's account with his Depository Participant.

  • Dematerialisation is the process by which shares in the physical form are cancelled and credit in the form of electronic balances are maintained on highly secure systems at the depository


ADVANTAGES OF DEMAT ACCOUNT
  • Protection against loss, theft, forgery, mutilation etc.

  • Transfer of shares immediately

  • Shorter settlement cycles

  • Protection against bad deliveries

  • No stamp duty

  • Minimum paperwork

  • Minimum costs



REMATERIALISATION

  • It is the process of converting ones securities form the electronic form into the physical form.
  • For this a RRF (Remat Request Form) has to be filled requesting your DP for Rematerialisation of the balances in your securities account.


Process of Rematerialisation
  • One makes a request for Rematerialisation.

  • Depository participant intimates depository of the request through the system.

  • Depository confirms Rematerialisation request to the registrar.

  • Registrar updates accounts and prints certificates.

  • Depository updates accounts and downloads details to depository participant.

  • Registrar dispatches certificates to investor.




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Re: DEMATERIALISATION and REMATERIALISATION
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Business Education
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Re: DEMATERIALISATION and REMATERIALISATION - July 5th, 2015

Dematerialisation

Dematerialisation is the process of converting physical shares into electronic format. An investor who wants to dematerialise his shares needs to open a demat account with Depository Participant. Investor surrenders his physical shares and in turn gets electronic shares in his demat account.

Materialisation

something that comes into existence as a result; "industrialism prepared the way for acceptance of the French Revolution's various socialistic offspring"; "this skyscraper is the solid materialization of his efforts"
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