How do I avoid the cumbersome paper work and the time consuming procedure for registration of my shares, which is attendant with risks ?
The investors have been given a big relief by the Indian legal authorities who have introduced the mechanism of depositories and now it has become possible to hold the shares/debentures in the electronic form by maintaining the account with recognized depository participants. Since the sellers also have been given freedom to effect the delivery of shares in dematerialisation of their shares and gradually the process is picking up, indicating that there is a growing awareness in the investors community. The obvious advantages for NRIs as well as any type of investors are as below: • Clean and safe delivery of shares in the electronic form, without any paper-work. • No hassles of objection / bad delivery / follow-up with companies. • Savings on stamp duty and time taken for registration. • Instant facility of re-materialisation of the shares if the investor desires to hold shares in physical form. • Enhanced limit and reduced margin for borrowings against shares in demat form. (The maxim
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