Can I dematerialise any share certificate?
No, not all the share certificates can be dematerialised.
The following conditions must be met to qualify for dematerialisation:
- The share certificates must be registered in your name as per records of the issuing company/Registrar & Transfer Agent (RTA).
- The issuing company must have joined NSDL/CDSL and obtained an ISIN for those shares.
- The shares should be free from any lien/ charge/ encumbrance.
Most listed and active companies have already joined NSDL/CDSL, and their shares/other securities are eligible to be dematerialised.
You can check if your shares are eligible to be dematerialised on the NSDL and CDSL website.