The equity shares of the company are under compulsory demat trading by all investors. Shares are available for demat with both the depositories in India — National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL). Considering the advantages of scripless trading, shareholders holding shares in physical form should consider dematerialisation of their holding. For this purpose, shareholders will have to open a demat account with a depository participant (DP) registered with either NSDL or CDSL and then surrender their share certificate(s) for dematerialisation to the company through the DP.
Steps Involved in the Dematerialisation of Shares
Shareholder fills out a dematerialisation request form (DRF) and surrenders the defaced share certificate(s) to the DP
The DP intimates the company of this request through the system
The DP submits the share certificate(s) and the DRF to the company
The company updates the register of members and then validates the request
The depository credits the DP’s account
The DP updates the investor’s demat account and informs investor
At present, no stamp duty has to be paid on transfer of shares in demat form.
Shareholders can also opt for transfer and demat facility.
Name and Address of the Depository
National Securities Depository Ltd.,Trade World, 4th Floor, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel,
Mumbai – 400 013.
Central Depository Services (India) Ltd.,Marathone Futurex, A-wing, 25th Floor,
N.M.Joshi Marg, Lower Parel, Mumbai-400013.