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Dematerialization of shares (Requirements to dematerialize share (4. To…

- - - - Step 3: The DP needs to process this request along with the share certificates to the company and simultaneously to registrars and transfer agents through the depository.
        
        Step 4: Once the request is approved, the share certificates in the physical form will be destroyed and a confirmation of dematerialization will be sent to the depository.
        
        Step 5: The depository will then confirm the dematerialization of shares to the DP. Once this is done, a credit in the holding of shares will reflect in the investor's account electronically. This cycle takes about 15 to 30 days after the submission of dematerialization request.
    - - Step 1: To open a demat account; you have to approach a depository participant (DP), an agent of depository, and fill up an account opening form. (See branch 1; Depository System).
        
        Step 2: Along with the account opening form, you must enclose photocopies of some documents for proof of identity and proof of address.
        
        Step 3: You will have to sign an agreement with DP in the depository prescribed standard format, which gives details of rights and duties of investor and DP. You are entitled to receive a copy of the agreement and schedule of charges for future reference.
        
        Step 4: The DP will then open an account and give you the demat account number. This is also called beneficial owner identification number (BO ID). All your purchases / investments in securities will be credited to this account. If you sell your securities, your demat account will be debited.