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Image  DEMATERIALIZATION OF SHARES

We suggest that Shareholders should transfer their physical shares in Demat since it ensures timely payment of dividend in their account along with following additional benefits -

  • Change of address, registration of Power of Attorney – can be effected across companies by one single instruction to the Depository Participant (DP).
  • SEBI has made it compulsory for trades in all listed scrips to be settled in demat mode. Although, trades up to 500 shares can be settled in physical form, physical settlement is virtually not taking place for the apprehension of bad delivery on account of mismatch of signatures, forgery of signatures, fake certificates etc.
  • It is a safe and convenient way to hold securities compared to holding securities in physical form.
  • No stamp duty is levied on transfer of securities held in demat form.
  • Instantaneous transfer of securities enhances liquidity.
  • It eliminates delays, thefts, interceptions and subsequent misuse of certificates.
  • Market lot of one share for the purpose of transactions - so no odd lot problem.
  • Any number of securities can be transferred / delivered with one delivery instruction. Therefore, paperwork and signing of multiple transfer forms is done away with.
  • It facilitates taking loans / advances against securities.
  • Immediate credits in case of any allotment in Non cash corporate actions such as bonus, rights issues and IPOs.

Depending on whether the shareholder already has a Demat account or desires to open one now, the steps involved for dematerialisation of shares are as under:-

Shareholder(s) who are not having Demat
  • Shareholder(s) to open a Demat account with a Depository Participant (DP), registered with NSDL and/or with CDSL. (If you wish to open Demat account with Union Bank of India please visit the below link – http://www.unionbankofindia.co.in/personal_insurance_dematoverview.aspx

    You can also contact our Bank’s nearest Branch or E-mail demat@unionbankofindia.com for opening of Demat Account with our Bank. Please note that the shareholders are free to open their Demat account with any of the valid Depository Participant (DP) of their choice).
  • Thereafter, shareholder(s) to submit physical share certificate(s) along with Dematerialisation Request Form (DRF) to their respective DP.
  • The DP will intimate the Registrar & Transfer Agent (RTA) of the Bank of the request submitted by the shareholder(s) through the electronic system of NSDL/CDSL.
  • The DP will also submit the share certificate(s) and the DRF, submitted by shareholder(s) to the Registrar & Transfer Agent (RTA) of the Bank.
  • The Registrar & Transfer Agent (RTA) of the Bank after validation of the request will update the Register of Members and confirm to the Depository.
  • The Depository will credit the DP's account.
  • The DP will credit respective Demat account.
Shareholder(s) who are having Demat account
  • Shareholder(s) to submit physical share certificate(s) along with Dematerialisation Request Form (DRF) to their respective DP.
  • The DP will intimate the Registrar & Transfer Agent (RTA) of the Bank of the request submitted by the shareholder(s) through the electronic system of NSDL/CDSL.
  • The DP will also submit the share certificate(s) and the DRF, submitted by shareholder(s) to the Registrar & Transfer Agent (RTA) of the Bank.
  • The Registrar & Transfer Agent (RTA) of the Bank after validation of the request will updates the Register of Members and confirm to the Depository.
  • The Depository will credit the DP's account.
  • The DP will credit respective Demat account.


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