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
Tag: What is Dematerialization of Shares?
What is Dematerialization of Shares?
As more and more investors joined the share market, maintaining physical share certificates became too inconvenient. At that point, the concept of Dematerialization was introduced. Dematerialization is the process of converting physical shares and certificates from physical form to electronic form. The dematerialized shares and securities are subsequently stored in a Demat account in an… Continue reading What is Dematerialization of Shares?