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How does a demat a/c work?


harry (Awaiting ca final results)     09 October 2009

harry
Awaiting ca final results 
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1. What is a demat a/c?

2. How does it work?

3. When his it necessary to obtain?

4. who is eligible to obtain it?

 

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Manmohan ACA, CS (Chartered Accountant )     09 October 2009

Manmohan ACA, CS
Chartered Accountant  
 1239 likes  14235 points

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Demat refers to a dematerialised account.

Just as you have to open an account with a bank if you want to save your money, make cheque

payments etc, you need to open a demat account if you want to buy or sell stocks. So it is just

like a bank account where actual money is replaced by shares. You have to approach the DPs

(remember, they are like bank branches), to open your demat account.

 

 

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Manmohan ACA, CS (Chartered Accountant )     09 October 2009

Manmohan ACA, CS
Chartered Accountant  
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Is a demat account a must?

Nowadays, practically all trades have to be settled in dematerialised form. Although the market

regulator, the Securities and Exchange Board of India (SEBI), has allowed trades of upto 500

shares to be settled in physical form, nobody wants physical shares any more. So a demat

account is a must for trading and investing.

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Manmohan ACA, CS (Chartered Accountant )     09 October 2009

Manmohan ACA, CS
Chartered Accountant  
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see


Attached File : 25 dematdownload 2.pdf downloaded: 223 times
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The Harshit Aggarwal (B.Com(H) ,CS Final)     20 November 2009

The Harshit Aggarwal
B.Com(H) CS Final 
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thanks Manmohan

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ramidi santhosh (Jr.Manager jsw steel ltd)     06 December 2012

ramidi santhosh
Jr.Manager jsw steel ltd 
 62 points

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thanks for ur useful message


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