BOs do not have to pay any charge for dematerialization of securities. However, they have to pay
charges as prescribed by the Bye-Laws to DP for rematerialization of securities.
The electronic holdings can be converted back in physical certificate through “Rematerialization”
process.
It will take 13 working days after the submission of application form along with physical
certificates to complete the dematerialization process. If it is not completed within the prescribed
time period, a BO has to consult with DP or CDSC.
Dematerialized securities do not have any distinct number. In demat; all securities are fully
fungible, which means that any 100 shares of a company are similar to any other 100 shares of
that company.
Since, one share is the market lot in demat system, odd lots of shares can also be dematerialized.
In such a case, a BO should request the company to have the security admitted with CDSC and
only then dematerialize the security.
A BO can have the holdings both in demat form and in the physical certificate form upon his/her
choice.
Any securities that are held in an individual’s ownership can only be converted in electronic form.
Besides, those securities should be compulsorily registered for dematerialization with CDSC.
The ISIN should be mentioned correctly while filling up the DRF. In case, BOs do not know the
ISIN, they can ascertain the same from their DP or through the website of CDSC i.e.
www.cdscnp.com
