February 4, 2013
Transmission refers to the transfer of securities from the demat account of a deceased holder to the account of a surviving joint holder(s), nominee or legal heir. If the sole demat account holder dies, his legal heirs can claim the securities lying in the demat account. On registration of share transmission, the person in whose name the shares have been transferred becomes the shareholder of the company and is entitled to all the rights of a shareholder. Request form ...
August 4, 2010 |
What is a demat account? What securities can I hold in my demat account? Today, to buy and sell securities, brokers insist on having a demat account. Just as you open a bank account to hold money and make payments, similarly you need to open a demat account now to buy and sell securities in the financial markets. Today, all trades are settled in dematerialised form i.e. in the form of electronic records rather than certificates. Physical securities carry the risk of being stolen,...
January 24, 2011 |
Investors can now hold their mutual fund units in dematerialised form. Investor who own a demat account can use it to hold mutual fund units. It is however not mandatory to convert units into demat form. Investors can also use the electronic platforms of stock exchanges to transact in their mutual fund units through the brokers of the stock exchange. For this, investors have to use a standard form specified by the depository (CDSL or NSDL) called the conversion request form ( ...
November 14, 2010 |
Investors can now hold their mutual fund (MF) units in dematerialised form. NSDL has enabled holding of mutual fund units (represented by statement of account) in dematerialised form for existing demat account holders. A demat account for MFs would work much like that for shares. You can subscribe to MF units through your stockbroker using the stock exchange platform. Upon subscription, the asset management company (AMC) and registrar and transfer agent (RTA)
July 25, 2007 |
AHMEDABAD: The Gujarati investor will stop at nothing if he sees an opportunity. Lured by handsome gains from recent IPOs, investors refuse to be tied down by guidelines that you can file only one application for allotment of shares. Smart investors are now 'hiring' demat accounts to corner more shares. A demat account, according to market insiders, can fetch a rent ranging from Rs 300 to Rs 1,000 per IPO application. The trend has caught on not only in cities like...