abhishreshthaa
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Dematerialisation
ADVANTAGES OF DEMAT ACCOUNT
REMATERIALISATION
Process of Rematerialisation
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- 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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