Procedure for
Transposition cum Demat
1.
If the names of the clients appearing on the security certificates
match with the names in which the account has been opened but are in a
different order, such securities can be dematerialised by the procedure laid
down in the relevant Business Rules i.e., 11.1.5 and 11.1.13.
2.
The DP shall forward the DRF to the Issuer or its Registrar &
Transfer Agent only after ascertaining that the number of certificates annexed
with the DRF tallies with the number of certificates mentioned on the DRF.
Provided further that in case of transposition cum dematerialisation cases, the
DP shall also forward Annexure
OA the DRF to the Issuer or its Registrar & Transfer Agent.
3. The securities which have been
dematerialised shall be credited to the account maintained by a DP only when
the pattern of holdings in the account of the Client matches with the pattern
of holdings as per the security certificates. Provided however that in case
where the names appearing on the certificates match with the names in which the
account has been opened but are in a different order, the Client can get,
alongwith the security certificates dematerialised by submitting the security
certificates alongwith the Transposition Form as per Annexure OA and the
Dematerialisation Request Form (DRF) to the DP. The explanation of such pattern
of holding is given in Annexure
F.
ANNEXURE OA
TRANSPOSITION FORM
(for transposition and demat cases)
To,
Name of
Participant
Address of
Participant
We, the undersigned, being the
joint holder(s) of securities of (Name of the Company) wish to have our
holdings transposed in the following order in which we have an account with
you. We are also submitting the
certificate(s) alongwith DRF for dematerialisation.
Names on the certificate of
security:
Name
|
Signature(s)
|
Details of our client account:
DP Id
|
Client Id
|
Names of the
account holders
|
Note:
Separate Transposition form should be filled by the joint holders for
securities having distinct ISINs
ANNEXURE F
PATTERN OF
HOLDING AT THE TIME OF DEMATERIALISATION
At
the time of dematerialisation of securities, the securities shall be credited
to the account of the holders only if the pattern of holding as per the
security certificate(s) submitted for dematerialisation or the names of the
applicants in the case of any public or rights issue of securities matches with
the pattern of holding as per the account maintained with the Participant to
which it is credited.
Provided however that, in case of transposition
and dematerialisation of securities, the securities held by A B and C can be
dematerialised in an account opened in the combination of A C & B, B C
& A, B A & C, C A & B and C B & A.
| Ravi Garg | ||||
| Company Secretary | ||||
| Mobile 7838204665 | ||||
| Email csravi2014@gmail.com | ||||
| Website http://csravi2014.blogspot.in/ Address D-83, Laxminager, Near Metro Pillar 51 | ||||
| Whatsapp 7838204665 #CS Knowledge Platform-RG | ||||
|
