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What is the procedure for dematerialisation?

April 26, 2017dematerialisation procedure

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What is the procedure for dematerialisation?

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To dematerialise any physical security: a) open a demat account with a DP. b) fill in a DRF (Demat Request Form) and submit the same with the physical certificate/s to the DP for dematerialisation. c) DP defaces and sends the certificates to the Issuer/Registrar who credits an equivalent number of securities in the demat account, maintained by CDSL. d) For each ISIN, a separate DRF has to be used.