Demat of Shares: Take Your First Step Into The Financial Jungle. Demat Services

Take Your FIRST STEP Into The FINANCIAL JUNGLE.
Demat Services
DEMAT OF SHARES Introduction: Indian investor community has undergone sea changes in the past few years. India now has a very large investor population and ever increasing this volumes continuous of trades. in However, growth
activities has also increased problems associated with stock trading. Most of these problems arise due to the intrinsic nature of paper based trading and settlement, like theft or loss of share certificates. This system requires handling of huge volumes of paper leading to increased costs and inefficiencies. Risk exposure of the investor also increases due to this trading in paper. Some of these risks are:
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Demat Services
Delay in transfer of shares. Possibility of forgery on various documents leading to bad deliveries, legal disputes etc. Possibility of theft of share certificates. Prevalence of fake certificates in the market. Mutilation or loss of share certificates in transit. This has made the investors as well as broker wary of Indian capital market. In this scenario dematerialized trading is certainly a welcome move. What is Dematerialization? Dematerialization or Demat is a process whereby
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your
securities
like
shares,
2
Demat Services
debentures etc, are converted into electronic data and stored in computers by a Depository.
What is a Depository? Depository functions like a securities bank, where the dematerialized physical securities are traded and held in custody. This facilitates faster and low cost settlement. Depository is much like a bank and performs many activities that are similar to a bank. Following table compares the two. Bank Holds accounts Transfers funds Depository in Holds securities account funds Transfers in
securities
between accounts between accounts Transfers without Transfers without

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handling money handling securities Safekeeping of money Safekeeping securities
of
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Demat Services
Dematerialisation or demat is a process to convert the securities held in physical form into an electronic record form or to directly allot securities in electronic record form. These electronic records of securities are shown as "electronic balances" in the demat account of investors. Any investor (Beneficial Owner or BO) can open a demat account through a depository participant (DP). DP provides a link on one hand between the BO, Company and CDSL and on the other hand between the BO, the BO's broker and the Stock Exchange. CDSL publishes from time to time an updated list of DP's registered with it.
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Demat Services
NSDL and CDSL At present there are two depositories in India, National Securities Depository NSDL is the Limited (NSDL) and Central Depository Services Limited (CDSL). first Indian depository; it was inaugurated in November 1996. NSDL was set up with an initial capital of US$28mn, promoted by Industrial Development Bank of India (IDBI), Unit Trust of India (UTI) and National Stock Exchange of India Ltd. (NSEIL). Later, State Bank of India (SBI) also became a shareholder. The other depository is Central Depository Services (CDS). It is still in the process of linking with the stock exchanges. It has registered around 20 DPs and has
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Demat Services
signed up with 40 companies. It had received a certificate of commencement of business from SEBI on February 8, 1999. In order to facilitate transfers between investors having accounts in the two existing depositories in the country the Securities and Exchange Board of India has asked all stock exchanges to link up with the depositories. The NSDL and CDS have signed an agreement for inter-depository connectivity. What is a DP? NSDL carries out its activities through various partners functionaries who called business Depository include
Participants (DPs) Who can be a DP?

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Demat Services
Public Financial Institutions. Scheduled banks. RBI Approved Foreign banks operating in India. State financial corporations. Institutions engaged in providing financial services, promoted by any of the institutions mentioned above either jointly or severally.
Custodians of securities who are registered with SEBI. Clearing Corporations or Clearing Houses of Stock Exchanges. Stock Brokers registered with SEBI. Non Banking Finance Companies.
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Demat Services
1.
Investors
surrenders along Request
defaced with Form
certificate Dematerialisation (DRF) to his DP. 2. 3. 4. 5.
DP intimates Depository of the DP submits the certificate with Registrar confirms the Demat Registrar validates the request, records & informs the
request through the system. DRF to registrar. from Depository. updates
Depository.
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Demat Services
6. 7.
Depository credits the DP a/c & DP updates the investors a/c &
informs DP. informs the investor. Trading in dematerialized shares results in substantial savings for the investors. Following tables gives an idea about these savings. Savings for a person who buy shares for long term investment (On a purchase of Rs10000) Item Physic Depository Savin al (Rs) (demat) Brokerage *Stamp Duty Postal Charges
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gs (Rs) 25-50 50 10-30

10
(RS) 75-100 50-75 50 10-30 -
Demat Services
Company Objection (Courier etc.) Settlement charges #Custody years) Total
10-30
10-30
(5 -
5-10 10-50
-(510) -(1050) 35100
Stamp duty of 0.5% Custody charge of 0.05%- 0.1% Savings for an investor who sells dematerialized shares (For a sale of Rs10000) Item Physic Depository al (Rs) (demat) Savin gs
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Demat Services
*Brokerage Company Objection (courier, etc.) Settlement charges Total
(Rs) 75-100 50-75 10-30 -
(Rs) 25-50 10-30
-(5-10)
-(510) 25-75
Sub-Brokers: Sub-Brokers have two options: 1.Arrange to deliver the securities directly from the pool account of main broker to the beneficial owner account of the buying clients.
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Demat Services
2. Arrange to deliver the securities from the pool account of the main broker to beneficial owner account of the subbroker kept for trading purpose and then forward the same to buying client. CM POOL A/C Client A A/c Client B A/c Client C A/c Client D A/c Sub Brokers Beneficiary A/c
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Demat Services
Benefits of Holding Securities in the Dematerialised Form : Elimination of all risks associated with physical certificates: There is no risk of loss, mutilation or theft of certificates of securities. Elimination of bad deliveries: In the depository environment, securities cannot be returned "under objection" for any reason and hence the question of bad delivery does not arise nor does the investor
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Demat Services
face any uncertainty on the genuinity of securities purchased by him. Effects immediate transfer and registration of securities: After the payout, once securities are credited to the investors BO account maintained with a DP, the investor becomes the legal owner of the securities as there is no further need to seek registration from the company or its registrar. Faster settlement cycles: All stock exchanges currently follow T+2 rolling settlement cycle i.e. settlement of trades is done on the 2nd working day from the trade day. This has become possible because of demat which enables faster
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Demat Services
turnover of securities and enhances liquidity. Faster receipt of securities in case of bonus / split/ mergers etc: Direct credit of securities issued as bonus or on allotment of IPO/rights, split and merger ensures faster receipt of securities and avoids risk of loss of certificates in transit. Waiver of stamp duty: No stamp duty is payable by investors for transfer of any kind of securities received in demat form. Facilitate recording of change of address, transmission, etc.: For all investments held in the a/c, instead of advising each company separately about the change in address, bank account particulars,
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Demat Services
nomination, deletion of name in case of joint holder, one single advice to the DP takes care of all such changes. Ease of portfolio monitoring: The statement of account periodically sent by the DPs provides the investor the consolidated position of all his investments in the demat account. This makes it convenient for an investor to compare and monitor his portfolio. Why Should an Investor Open a Demat Account? The CDSL system incorporates a number of distinct features which provide BOs a convenient, dependable and secure depository services at affordable cost. Convenience: Wide DP Network:
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Demat Services
On-line DP Services: CDSL DPs provide on-line depository services from over 500 branches. All these branches are electronically connected to CDSL thereby taking the depository services to the door-step of investors. DP branches facilitate quicker execution of demat instructions. Availability of Wide Spectrum of Securities: The equity shares of over 5000 companies are available for dematerialisation on CDSL. CDSL extends demat facilities practically for all categories of securities which include bonds, debentures, commercial papers, government securities and certificates of deposit.
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Demat Services
Competitive Fees Structure: CDSL's fee is very reasonable and competitive, which makes it possible for DPs to offer demat services to investors at affordable cost. CDSL DPs are not required to pay any custody or ISIN fees to CDSL. Internet Access: Through CDSL's unique internet facility "electronic information" access -. to a securities BO by "Easi",
registering himself through his DP (who in turn will have to be registered with CDSL for use of this facility) can know and even print statements of his demat account. The BO can also know the status of his previous 7 days transactions at any
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Demat Services
time by logging into easi. BO gets a unique facility of knowing the daily valuation of the securities held in their demat account, at the previous day's closing price on the BSE. Dependability: On-line Information to Users: With the CDSL's centralised database architecture; on-line depository services are available to BOs with up-to-theminute status of his BO accounts. Safety of data: Even if any system-related problems develop at the DPs end, it does not affect the BOs interest in any way as the CDSL database is maintained centrally. The DP can
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also
avail
of
the
facility
of
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Demat Services
contingency terminals available at CDSL's Mumbai office for executing instructions. Audit and inspection: CDSL conducts regular audit of its DPs to ensure compliance of the Helpdesk: CDSL's prompt and courteous helpline facility is available to DPs and investors to obtain any clarifications and guidance. Always requirements: Continuous updation of procedures and processes in tune with the evolving market practices is another hallmark of the CDSL's system. meeting user's stringent operational and regulatory requirements.
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Demat Services
Security: Computer Systems: CDSL has installed state-of-the-art
computer system, data storage devices, communication networks which ensure the security and integrity of all data uninterruptedly. All data at CDSL is auto mirrored separately and also transmitted to a Disaster Recovery Site which is located at a different place away from the main site. System Access: As the system does not provide for dialup access, only authorised users can access CDSL system. In other words, only a person at DP end who has been pre-authorised by CDSL can access the
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CDSL system. Unique BO Account Number: Each BO in the CDSL system is allocated a unique account number. This avoids wrong transfer of securities in the event the transferor's account number is keyedin wrongly at the DP end. Insurance Cover: CDSL has obtained adequate insurance cover for any unlikely loss occurring to a BO due to the negligence at CDSL and/or its DP.
Dematerialisation Procedure:
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Process
and
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Demat Services
Opening a Depository Account Investors, both individuals and nonindividuals, have a choice to open a demat account with any CDSL DP. Individual investors could be Indian residents or NRIs. Non-individual BO includes Corporates, FIs, FIIs, Mutual Funds, Trusts etc. Under two way fungibility of ADR/GDR, non-residents can also open a demat account with a CDSL DP.
A BO should consider fee structure, locational convenience and the track record of the DP before selecting a DP for opening his BO account. More than one demat account can be opened in identical names with the same or
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different
DPs
with
the
same
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Demat Services
depository depositories.
and/or
with
both
the
A demat account can be maintained even with 'nil' balance as there is no requirement of holding any minimumsecurity balance in a demat account. If securities are already held in joint names, the demat account should be opened in the order of names in which the securities are held. If the securities are held by an individual jointly with different persons, separate demat accounts will have to be opened for each such combinations. However, if the same persons hold securities in different order of their names, one single demat account in names of all these persons (not exceeding 3 persons)
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Demat Services
would used.
be
sufficient,
provided
the
facility of transposition-cum-demat is At the time of opening a demat account or anytime thereafter, individuals having a BO account in a single or joint name/s, a nomination can be made. In the unfortunate event of demise of one of the joint holders, the securities can be transmitted in the names of the surviving holders. But, in the event of demise of the sole holder or all the joint holders, the securities can be transmitted in the name of the nominee. A resident Indian can nominate an NRI or another resident Indian and similarly an NRI can nominate a resident Indian or another
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Demat Services
NRI.
Non-individuals
including
societies, trusts, body corporates, kartas of HUF, holders of power of attorney, cannot make nomination. Documents required to be submitted at the time of opening a CDSL demat account:
Individual Investors : An application in the prescribed form duly completed.
Certified copy of an election-ID card / passport / ration card /PAN card or in the absence of these documents, an introduction by an existing account holder of the DP giving the introducer's name, address, and contact number. A certified copy of birth certificate and guardian's name, in case of a minor.
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A passport size photograph of each of the applicants with his/their signature/s put across the photograph/s In case of any attestation by a Magistrate / Notary Public / Special Executive Magistrate, the name, address and telephone number of the Magistrate/Notary Public/Special
Executive Magistrate. A copy of the power of attorney, if desired. And agreement in the prescribed form duly executed.
Corporate investors An application in the prescribed form
duly completed. A certified copy of the Memorandum and Articles of Association of the company.
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Demat Services
A certified true copy of the board resolution authorising opening of demat account and listing out the names of the officials authorised by the board to act as authorised signatory(ies) Names, designation of the authorised signatories with specimen sign.
A copy of power of attorney duly executed. In case of attestation by any name, Magistrate/Notary, Executive Magistrate, Public/Special their
address and telephone number. Agreement in the prescribed form duly executed. Additional Requirements for Some Categories of Investors
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Demat Services
BO Category
Additional Requirement
Non Resident In case of a NRI opening Indian nationals persons of or BO a/c singly or jointly with another NRI and/or resident Indian, a declaration by the first or
Indian sole NRI applicant who origin(NRI) is eligible to invest on repatriable basis in terms of FEMA notification no. 20/2000-RB dated 03/05/2002 together with a proof of residence outside India. HUF Name of the 'karta', if the account is opened in
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Demat Services
the name of a HUF. Trust A certified copy of the trust deed along with the list of authorised with signatories specimen signatures. Partnership firm The account has to be opened in the names of the partners. Proprietorship The account should be firm Clearing Members (CM) opened in the name of the sole proprietor. A certified copy of SEBI registration along with a conduct certificate from each of the exchanges where the CM is a member/registered.
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Demat Services
F. I. Investors A and Overseas Corporate Bodies
Certified
copy
of
SEBI/RBI registration.
On Opening of The Demat Account, A DP Would Provide To The BO A/C Holder The Following : A copy of the signed agreement. Identification Number or. demat account number). This BO-ID should be quoted in all future correspondence with the DP, Issuer Companies and/or their Registrar & Transfer agents or CDSL.
Issues "BO-ID" (i.e. Beneficial Owner
Pre-printed instruction slips for affecting

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Demat Services
various types of transactions viz. form for dematting physical holdings, transaction slips, etc. CDSL has one single debit instruction slip both for 'onmarket' and 'off-market' transactions. BOs Should Carefully Note The Following :
BOs may consider issuing one time in the demat account
instruction to their DPs for getting securities automatically credited to their account. Purchased securities are credited to the BO account after by payout the of the of the stock securities clearing
house/corporation
exchange. Securities purchased on any of the stock exchanges connected to CDSL can be directly received in the
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Demat Services
BO
account.
CDSL
currently
has
connectivity with 16 stock exchanges. For sale of securities in demat form, after the broker confirms the trade, the BO should immediately issue debit instruction to his DP using a debit instruction slip. For maintaining the cut-off time for submitting delivery instructions for trades done on the stock exchange (onmarket trades) as per SEBI requirement, delivery instructions need to be issued latest by 24 hours before the pay-in time of the exchange where transaction has been done. Any delay in issuing instructions to the DP might result in non-delivery of shares/securities resulting in auctioning of such securities
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and consequent loss to the investor. This is more so in T+2 settlement cycle. Any change in address and/or bank account should be intimated to DP together with supporting documents as evidence.
While
accepting
the
Delivery
Instruction (DI) slip book issued by the DP, Bo should ensure that his BO-ID is pre-stamped on all the pages along with the serial number. The DI book should be kept safely. BOs should not issue to anyone blank DI slips duly signed. BOs should also strike out the empty space, if any, in the DI slip, before submitting to DP. Fees:
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Demat Services
CDSL does not charge any fee directly to the beneficial account holder but collects the depository fees for debit and pledge transactions in any BO account from the concerned DP. The charges indicated by DPs are generally is inclusive of CDSL fee, if any. Redressal Of Investor Grievances: In case of any unresolved grievance with your DP, please contact the compliance officer of your DP or Investor Relations Officer. Disclaimer: This brochure contains information, which is subject to change without prior notice and cannot be the basis for any
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Demat Services
claims or demand or cause of action by anyone against CDSL or its DPs.
CDSL's demat services are extended
through its agents called Depository Participants (DP). The DP is the link between the investor and CDSL. An investor who opens a demat account with a DP can utilise the services offered by CDSL. While the DP processes the instructions of the investor, the account and records thereof is maintained with CDSL. A DP is thus a "service centre" for the investor. DSLs system is based on centralised database architecture with on-line connectivity with DPs. Because of this centralised architecture, the cost for
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Demat Services
setting up a DP outfit under CDSL system is significantly lower. Similarly, the recurring costs to be incurred by a CDSL-DP in terms of maintaining backups and the related data storage are minimal. This enables a CDSL-DP to offer depository services to investors at an attractive price and at the same time achieve break-even faster at much lower volumes. The centralised architecture also allows CDSL-DP to make available to the investors a to-the-minute status of their account and transactions. DSLDPs can also set up branches with direct electronic connectivity with CDSL.
Any Individual eligible to acquire and
hold securities in his name can open a demat account in the CDSL system
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Demat Services
through a registered DP of CDSL of his choice. While choosing his DP the individual may take into consideration the service standards, charges and convenience of location. Some basic facts for the demat accounts Number of Accounts : More than one demat accounts can be opened in the similar / identical name and order with the same DP or different DPs. Minimum Account Balance : There is no requirement of holding minimum-security balance in a demat account; you can maintain zero balance in your account. Ready availability of account enhances your transaction making ability. Nomination : Individuals holding beneficial accounts on
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their own behalf either singly or jointly have the facility of making nomination. (Nonindividuals including societies, trusts, body corporate, partnership firms, kartas of HUF, holders of power of attorney however, cannot nominate). In the event of the death of one of the joint holders, the securities will be transmitted in the names of the surviving holders. If the sole or all the joint holders are deceased, the shares will be transmitted in the name of the nominee. Statement of Account: A periodical statement of holdings and transactions is provided by DP. This can also be asked for from the DP. Credit Confirmation: In order to receive all the credits coming to demat account automatically, a one time
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Demat Services
standing instruction can be given to the DP at the time of opening your account. Change of Address: For any change of address, if any, communication to your DP in writing is sufficient. The DP will ensure that the change is incorporated for all securities held in your demat account. You need not write to all the companies separately. Points To Be Noted for Opening a Demat A/C Obtain and submit the duly completed account opening form to the DP. Provide to DP a copy of your passport or driving license or voter-ID card or ration card for establishing your identity and as a proof of address.
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Execute the DP-Investor agreement to be made available by DP. Collect your unique account number (BO-ID) from your DP. Collect pre-printed slips both for effecting dematerialisation as well as delivery of securities. Understand the cut-off timings from DP for depositing delivery instructions for trades done by you on the stock exchange.
A Depository is like a bank where securities

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are held in electronic (dematerialised) form. In India, there are two Depositories -National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL). Under the Depositories Act, investors can avail of the services of the Depositories through Depository Participants (DP) such as ICICI Bank. DPs are like bank branches wherein shares in physical form need to be deposited for converting the same to electronic (demat) form. ICICI Bank Demat Services boasts of an evergrowing customer base of over 11.5 lacs account holders. In their continuous endeavor to offer best of the class services to their customers they offer the following features:
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Demat Services
E-Instructions: Customers can transfer securities 24 hours a day, 7 days a week through Internet & Interactive Voice Response (IVR) at a lower cost. Now with Speak to transfer, customers can also transfer or pledge instructions through banks customer care officer. Consolidation Demat Account: Dematerialise physical shares in various holding patterns and consolidate all such scattered holdings into primary demat account at reduced cost. Digitally Signed Statement: Receive account statement and bill by email. Corporate Benefit Tracking: Track dividend, interest, bonus through
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Demat Services
account statement. Mobile Request: Accesses demat account by sending SMS to enquire about Holdings, Transactions, Bill & ISIN details. Mobile Alerts: Receive SMS alerts for all debits/credits as well as for any request which cannot be processed. Dedicated customer care executives specially trained at call centre, to handle all their queries. Countrywide network of over 235 branches, you are never far from an ICICI Bank Demat Services outlet. Customers will find banks service charges very competitive - offering the best value for your money
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Demat Services
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Demat Services
Account Opening
Please write to ICICI Bank or visit any
of their service centres to open an account. There is no fee for opening a DP account with ICICI. However, a nominal fee will be levied towards services, as per their tariff. Customers can choose between Standard Rate Card or Frequent Trader Rate Card as per theiur trading volume. Or if you wish to hold your Bonds in Demat form you can choose Bond Rate Card. Account Opening Form to Open Securities Account
Resident Non Corporate
Account Opening Form

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Demat Services
Resident Corporate Account
Opening Form NRI Account Opening Form Declaration Cum Undertaking Form for NRI Repatriable Account Checklist for Filling NRI Demat Account Opening Form *Submission of Passport and Valid Visa Copy is mandatory for NRI Customers for opening a Depository Participant (DP) Account with effect from 7th May 2007
Account
Opening
Form
to
open
Commodities Account in NSDL
Resident
Non
Corporate
Account Opening Form Resident Corporate Account Opening Form

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Clearing Member Account
Opening Form Note: The DP Client Agreement form should be franked with stamp duty applicable to the state mentioned in the correspondence address. DP account number will be intimated to customers by e-mail if the mail-id is written on the application form or by Courier or by post.
For NRIs
No approval from the Reserve Bank of
India (RBI) is required for opening a Depository Participant (DP) Account. However, if customers do not hold any shares at the time of opening the account,
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Demat Services
enter in the account opening form as 1. follows: 1. Submission of Passport and Valid Visa Copy is mandatory for NRI customers for opening a Depository Participant (DP) Account with effect from 7th May 2007. 2. RBI reference no: No Holdings 3. RBI approval date: Present date' If hold shares that were allotted in the primary market (under the Direct Investment Scheme), enter in the account opening form as follows: 1. RBI reference no: Under General
Permission 2.RBI approval date: Present date If customers are providing
their
foreign address as their address of communication. NRI rate card will be

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Demat Services
applicable to them. Else they can open account in Standard Rate Card. Tips for deciding NRI account
combinations. NRI Investments are classified on the following basis: A. Repatriability and B. Mode of investment
A.
Repatriable
Repatriable funds (i.e. those which can be taken abroad) need to be kept in a separate bank account, i.e. NRE Bank account. Typically, funds brought in from abroad are permitted in such an account. Investments made from such funds can be repatriated, i.e. proceeds from sale or otherwise from such investments can be taken abroad. Such
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investments are maintained in a Repatriable Demat account.
B. Non-repatriable Non-repatriable funds (i.e. those which cannot be taken abroad) need to be kept separate from repatriable funds in a separate bank account i.e. NRO Bank account. Investments made from such funds cannot be repatriated, i.e. proceeds from sale or otherwise from such investments cannot be taken abroad. Such investments are maintained in a Non-Repatriable Demat account. Money once transferred from NRE account to NRO account loses its reparability and hence, cannot be transferred
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back to NRE account. Mode of Investment : A. Portfolio Investment Scheme (PINS) Portfolio Investment Scheme (PINS) is a scheme of the Reserve Bank of India (RBI) under which the Non Resident Indians (NRIs) and Person of Indian Origin (PIOs) can purchase and sell shares and convertible debentures of Indian Companies on a recognized stock exchange in India by routing all such purchase/sale transactions through their account held with a Designated Bank Branch. The Designated Bank maintains a record of all investments done under PINS (PINS portfolio).
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Demat Services
B. Non - PINS Any investment other than under PINS is Typically, this includes: 1. Subscription to Primary market offerings (IPOs) 2. Investments made when resident in India. 3. Investments in Mutual
funds 4. Investments in derivatives 5. Gifts and Inheritance Deciding Combination : Customers may have to open demat accounts of a specific combination if they already hold physical shares in that combination. The physical shares can be converted into
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electronic form demat account by submitting the certificates along with a demat request form. Customers should also open the required combination under the correct type of demat account : PINS NRE: under PINS PINS NRO: For shares acquired earlier on repatriation basis. For shares acquired
earlier under PINS on non-repatriation basis. Non-PINS NRE: For shares acquired earlier other than under PINS on repatriation basis. Non-PINS NRO: For shares acquired earlier other than under PINS on non- repatriation basis and also when Resident in India.
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Demat Services
Procedure for Demat Form Submit a completely filled up Demat Request Form (DRF) in triplicate for each ISIN along with defaced physical securities. We have provided you with one blank Dematerialisation Request Form (DRF). Additional forms are available at any of the ICICI Bank branches offering Demat Services. Filling up the form
Ensure that security mentioned on
the certificates is eligible for Demat. For being eligible for demat, the company has to sign up with NSDL.
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Demat Services
You Branch.
can
check
eligibility
on
www.icicibank.com or ask the nearest
Use a separate DRF for each
security having a unique International Security Identification Number (ISIN). Verify the certificates carefully and mention the correct ISIN. In case two or more sets of certificates of the same security have different ISIN (this is possible in case of partly paid up shares and non-pari passu shares), use separate DRFs for each ISIN. However, you can dematerialise multiple folio nos. of the same pattern of holders relating to the same ISIN under a single DRF.
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Demat Services
Submit certificates under lock-in
under separate DRF. Do not mix the same with free securities. In case of locked-in securities, fill up the lock-in reason & lock-in release date on the DRF. Amongst lock-in securities belonging to the same ISIN but having different lock-in release dates or lock-in reason, make separate DRF requests. Demat requests received from client(s) with name(s) not matching exactly with the name(s) appearing on the certificates merely on account of initials not being spelt out fully or put after or prior to the surname, can be processed. However, this is possible only if the signature(s) of the client(s)
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Demat Services
on the DRF tallies with the specimen signature(s) available with the Issuer or its Registrar. For example, the shareholder may have opened the depository account in the name of Sushil Ramesh Shah but his name on the share certificate may appear as S. R. Shah or Sushil R Shah etc. The combination and the order of holders names on DRF and as printed on the Certificates should be identical with that in the DP account. For example, if the shares are in the name of X, Y (X as first holder and Y and second holder) it cannot be dematerialised in the account of either X or Y alone. Also if the shares are in
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Demat Services
the name of X, they cannot be dematerialised in the account of X, Y (X as first holder and Y as second holder). However, where the combination of holders is the same in the certificates and in the demat account, and the difference is only in the order in which the name of the holders appear on the share certificates and in the demat account, dematerialisation is possible. Here, you have to submit a Transposition Request Form along with the DRF. The form is also available at the nearest Branch. The DRF must be signed by all the account holders and should be in
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Demat Services
the same order. The signature on the DRF should match with the specimen signature with ICICI Bank. If the signature differs, you should sign the DRF in the presence of the Branch Officer. If you have a doubt that the signature on the DRF may not match with that registered with the Registrar, you can get the signature on the DRF attested by your banker. the The details of certificates such as folio no., certificate no., &
distinctive no. must be filled up correctly on the DRF. Submitting the form
You must deface the certificates by a stamp or by writing

61
putting
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Demat Services
Surrendered for Dematerialisation. However defacing should be done only after checking the eligibility of security, as defaced securities cannot be sold in physical form. If defacing has been done by mistake then you should send the same to registrar for replacement. *NSDL Business Rule 11.1.7. : (The Participant shall ensure that the certificates submitted for dematerialisation are marked by the Client (customer) with the words Surrendered Dematerialisation.) for
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Demat Services
Certificates should not be mutilated or defaced in such a way that the material information is not readable.
Ensure
that
the the
certificates
are DRF.
attached in the same order as mentioned in You any should ICICI submit Bank the DRF in The
triplicate. You can submit the DRF at branch. acknowledgement slip at the bottom of the form will be stamped and handed over to you after verification by the ICICI Bank official. Credit in the Demat Account
The defaced shares along with the
DRF are sent by ICICI Bank to the registrar who will then credit the
TYBBI 63
Demat Services
customers account. The normal time taken for credit of shares to the account after confirmation by the Registrar is about 30 days. However the time taken would vary from one registrar to another over which ICICI Bank has no control.
To check whether your account has
been credited, you can refer to the transaction statement (Refer # 12, below). The same will be reflected in pending demat balance on receiving your request. After dematerialisation, the same will be reflected under free balance. Alternatively you can use the web (register on www.icicibank.com), phone us or visit the ICICI Bank
TYBBI
64
Demat Services
branch. In case your account does not get send credited an within a month of to submission, you can either phone us or email customer.care@icicibank.com In case there is a delay beyond 40 days, if you so wish, ICICI Bank can give you the registrars name and telephone number as well as your Demat Request Number (DRN). Rejection of Demat Requests
Your request may get rejected for
various reasons either at the Central Processing Office of ICICI Bank or by the Registrar. Dematerialisation is done by the Registrar only when it is
TYBBI
65
Demat Services
satisfied of genuineness of securities & ownership status. On a rejection, the securities are sent back to you stating the reason for the rejection. You can resubmit the certificates for dematerialisation after resolving the reason for the rejection. Please resubmit on a fresh DRF. Do not use the same DRF on which the objection was made. Transmission-cum-Demat In case of certificates held jointly, on the death of any one or more of the joint holder(s) mentioned on the certificate, the surviving joint holder(s) can get the name(s) of the deceased deleted from the
TYBBI
66
Demat Services
physical certificate(s) and get the securities dematerialised in the DP account of the surviving holder(s) by submitting the following documents along with the DRF: A copy of the death certificate of the Succession
duly notarised A copy
certificate duly notarised or an order of a court of competent jurisdiction where the deceased has not left a Will or A copy of the Probate or Letter of Administration duly notarised. Sale / Delivery of Securities Securities transactions can be settled in demat form for the transactions done on stock exchanges connected to NSDL. At present, NSE, BSE, CSE, DSE, LSE, BgSE,
TYBBI
67
Demat Services
OTCEI, MSE, ISE & ASE are connected to NSDL. Trading in dematerialised securities is done through your broker just like trading in physical securities. Sell dematerialised securities You can sell your dematerialised
securities in any of the stock exchanges linked to NSDL through a broker of your choice.
You need to give a delivery
instruction to your DP for debit of your depository account and credit of your brokers clearing member account. You receive payment from the broker for the sale in the same manner you would receive payment for a sale in the physical mode.
TYBBI
68
Demat Services
Buy dematerialised securities
You can purchase securities in any of
the stock exchanges connected to NSDL through a broker of your choice and make payment to your broker. Make sure you tell your broker you want only demat shares. Broker receives credit in his clearing account with his DP on the day of payout. He can immediately transfer these securities to your depository account, provided your account is already active. Broker gives instructions to his DP to debit his clearing member account and credit your depository account.
TYBBI
69
Demat Services
Delivery of securities To deliver securities in electronic form, you have to authorise the DP to transfer balances from your account.
You must give a debit authorisation to
ICICI Bank in the booklet of instruction slips provided to you. The slip should be given physically at the nearest Branch. (You can also register for the eInstruction facility to submit transfer instructions through Internet / IVR (Interactive Voice Response System) on Phone and with Speak to Transfer through our Phone Banking Officer ) In the instruction slip, you have to mention the counter-party account details. The counter-party account may be within the same DP (Intra-DP
TYBBI 70
Demat Services
TYBBI
71

Demat of Shares: Take Your First Step Into The Financial Jungle. Demat Services

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Demat of Shares: Take Your First Step Into The Financial Jungle. Demat Services

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Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

between accounts between accounts Transfers without Transfers without

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

handling money handling securities Safekeeping of money Safekeeping securities

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Participants (DPs) Who can be a DP?

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

surrenders along Request

defaced with Form

certificate Dematerialisation (DRF) to his DP. 2. 3. 4. 5.

request through the system. DRF to registrar. from Depository. updates

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

gs (Rs) 25-50 50 10-30

(RS) 75-100 50-75 50 10-30 -

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Company Objection (Courier etc.) Settlement charges #Custody years) Total

-(510) -(1050) 35100

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

*Brokerage Company Objection (courier, etc.) Settlement charges Total

(Rs) 75-100 50-75 10-30 -

(Rs) 25-50 10-30

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Security: Computer Systems: CDSL has installed state-of-the-art

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Individual Investors : An application in the prescribed form duly completed.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Corporate investors An application in the prescribed form

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

F. I. Investors A and Overseas Corporate Bodies

Issues "BO-ID" (i.e. Beneficial Owner

Pre-printed instruction slips for affecting

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

BOs may consider issuing one time in the demat account

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

claims or demand or cause of action by anyone against CDSL or its DPs.

CDSL's demat services are extended

Take Your FIRST STEP Into The FINANCIAL JUNGLE.

Any Individual eligible to acquire and