Demat of Shares
Dematerialisation (or ‘demat’) is the way toward changing over physical shares into electronic format. An investor who needs to dematerialise his shares needs to open a demat account with a Depository Participant (DP). Investor submits his physical shares and thus gets electronic shares directly in his demat account. Under the current arrangement, dematerialisation of promoter shareholding is obligatory while non-promoter investors have an alternative to hold securities either in physical or demat form.
How We Can Help You
Here are a few problems that a shareholder often faces. We help such problems and help investors to convert physical shares to demat.:
Dormant demat account: Demat account of an investor may become dormant due to inactivity for a long time. This frequently happens with passive investors who adopt a ‘buy and forget’ approach. This may also happen with an investor who opens new demat account without transferring shares to it from old account. In such cases, the investor faces problems in trading, transfer and transmission of shares.
Lack of updated information: An investor has changed address, but the details are correspondingly not updated with the depository participant or the company, resulting in a mismatch with the shareholder’s database. In this case, the investor may lose benefits such as dividends, bonus, split shares, rights issues etc.
Loss of demat details: For some reasons, a shareholder may loss his demat details, resulting in complete lack of communication with the company and depository participant.
