Procedure of Rematerialisation of Shares:

Procedure of Rematerialisation of Shares:

Rematerialisation is the process of conversion of electronic holdings of securities into physical certificate form. For rematerialisation of scrips, the investors have to fill up a Remat Request Form (RRF) and submit it to the depository participant.

The DP forwards the request to depository after verifying the investor’s balances. Depository in turn intimates the Registrars and Transfer Agent or the issuer company. RTA/company prints the certificates and despatches the same to the investor.

Rematerialisation is conversion of electronic securities into physical certificates of such securities.

PROCEDURE

Step 1

The Beneficial owner will submit a request to the DP for rematerialization of holdings in its account.

Step 2

On receipt of the request form, the DP will verify that the form is duly filled in and issue to the client, an acknowledgement slip, signed and stamped.

Step 3

DP intimates Depository (NSDL or CDSL)of such request electronically.

Step 4

Depository (NSDL/CDSL) confirms rematerialisation request to the company’s Share Transfer Agents.

Step 5

Share Transfer Agent updates accounts and prints certificates and confirms the Depository (NSDL/ CDSL).

Step 6

Depository (NSDL/CDSL) updates accounts and downloads the details to the DP.

Step 7

Share Transfer Agent dispatches certificates to holder thereof.

Step 8

The DP also sends intimation about rematerialisation to its client.

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Thanks & Regards

RAVI GARG (CS)     

91-7838204665, 

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