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.
Take a look at the most commonly noted 8 rejection reasons that are coming in Demat Processing:
Sl. no | Common Demat Rejection Reasons |
1 | Name of the holder on share certificate is not matching with his/her name in Demat account. |
2 | " Transmission Along with Dematerialisation" form is not attached along with DRF. Death Certificate is either not attached along with DRF or is not notarised. |
3 | Self-attested PAN and Masked Aadhar not enclosed along with DRF |
4 | Holder(s) name pattern on share certificate is not matching with Demat - Transposition form not enclosed with DRF. |
5 | DRF signed in wrong pattern in case of Joint holder accounts |
6 | Debenture /Preference share/warrant /LOA submitted with Equity ISIN |
7 | RTA requirements not fully complied -Verify the RTA rejection memo properly and ensure all the requirements are fulfilled |
8 | Original Letter of confirmation not submitted along with DRF /Validity expired Letter of Confirmation submitted without supporting extension mail from RTA |
Most listed and active companies have already joined NSDL/CDSL, and their shares/other securities are eligible to be dematerialised.
Still need help? Create Ticket
