What precautions Demat account holder should take before defacing a share certificate?
• He/she must ensure that it is available for dematerialisation. He/she must therefore check with his/her branch Depository Participant whether the ISIN (code number for the security in a depository system) has been activated and made available for dematerialisation by the depository. • If yes, then he/she should submit Demat Request Form along with the physical certificates. He / she should NOT deface the certificates. (In case of NSDL , a client is advised to affix the relative rubber stamp “Surrendered for Dematerialization” on share certificates) PLEASE SEE POINT 36 ABOVE ALSO.
Related Questions
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- What precautions Demat account holder should take before defacing a share certificate?
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