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Can debt instrument be directly allotted in dematerialized form?

April 26, 2017allotted debt dematerialized directly form instrument

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Can debt instrument be directly allotted in dematerialized form?

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Any new instrument can be issued directly in dematerialized form without recourse to printing of either Letter of Allotment or Certificates. Securities will be directly credited into the accounts of the investor by NSDL on receipt of allotment details from Issuer/Registrar & Transfer Agent.