Conversion of physical shares in dmat
This query is : Resolved
05 November 2011
I want to convert physical shares in DMAT and the same want to pledge after that. Can any one guide me for the same.
Regards
Prashant
Regards
Prashant
05 November 2011
Dematerialisation is a process in which you can convert physical share certificates into electronic shares.Shares should have been transferred in your name / joint names before sending it for dematerialisation.
for more info. link is:
https://www.karvy.com/dp/faqs/dematerialisation.htm
for more info. link is:
https://www.karvy.com/dp/faqs/dematerialisation.htm
05 November 2011
1. open a demat account in any NSDL/CDSL participent, in name and style as mentioned on the face of physical shares.
2. handover the physical share certificates to depositary with a demat request form, duly signed and filled
3. demat participent will send the same to registrar and they will cancell the physical shares and allot the same in your demat account.
4. regarding pledge, you have to make discussion with demat depository/ bank.
2. handover the physical share certificates to depositary with a demat request form, duly signed and filled
3. demat participent will send the same to registrar and they will cancell the physical shares and allot the same in your demat account.
4. regarding pledge, you have to make discussion with demat depository/ bank.
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