Demat was introduced in 1996 by NSE. Demat is an account that allows the holding of shares in an electronic format. It enabled the digitization of the Indian stock trading market, enforcing better governance by SEBI. Demat accounts reduced the risks of storing, theft, damage, and malpractices by storing securities in electronic format. At the… Continue reading Trading and Demat account Portability in India
Tag: Benefits of Demat Account
The Process of Demat Account and Conversion of Physical Share Certificates to Demat form
INTRODUCTION: Dematerialisation concept took place in 1996 with the formation of National Securities Depository Ltd. (NSDL) and it enjoyed a virtual monopoly till establishment of another depository called Central Depository Services (India) Ltd. (CDSL). And thereafter, amidst competition, investors at large gain benefits of better servicing and the reduced cost of dematerialization process. The only… Continue reading The Process of Demat Account and Conversion of Physical Share Certificates to Demat form
8 Benefits of Demat Account That You Should Know
It’s no secret that technology has made the world an overall better place to live. Earlier, any financial errand turned out to be a cumbersome task considering the sheer amount of paperwork involved. It’s hard to imagine that there used to be a time where the physical form was the only way to exchange shares.… Continue reading 8 Benefits of Demat Account That You Should Know