What is transposition cum demat and what is the procedure?
Ans: Transposition cum demat enables the customer to transpose (swap/interchange) names of the joint holders in desired order along with the process of dematerialization of certificates. For e.g. If A & B hold a Demat account and if the certificates are in the names of B & A the shares can be dematerialised in the demat account of A & B. The customer should submit duly completed transposition form along with the Demat Request Form (DRF) and the share certificates. No new name can be added through transposition process. • How long will the dematerialization process take? Ans:The dematerialization process takes about 30 days. • What is the process for dematerialising physical shares of a joint account in case of death of one account holder? Ans: In this case, such shares could be dematerialised in the demat account of the surviving member(s) provided that the surviving member(s) submits a Transmission cum Dematerialization form duly signed by all the surviving holders and a notarized/cer
Ans: Transposition cum demat enables the customer to transpose (swap/interchange) names of the joint holders in desired order along with the process of dematerialization of certificates. For e.g. If A & B hold a Demat account and if the certificates are in the names of B & A the shares can be dematerialised in the demat account of A & B. The customer should submit duly completed transposition form along with the Demat Request Form (DRF) and the share certificates. No new name can be added through transposition process.
