Dematerialisation of Shares

Overview

Demat of Shares is the process Taxeto facilitates to convert a company's physical share certificates into electronic form under the Depositories Act, 1996, held through a Depository Participant with NSDL or CDSL. Taxeto coordinates account opening, the Dematerialization Request Form, and verification with the company and depository so shareholding becomes safer, faster, and easier to transfer.

Benefits

• Eliminates the risk of loss or damage to physical share certificates
• Allows shares to be transferred quickly online
• Provides a clear, transparent record of ownership
• Reduces paperwork and handling costs
• Enables faster settlement of share transactions

Eligibility

• Valid PAN and KYC documents
• Active Demat account with a Depository Participant
• Registered shareholder details
• Company must be compliant with depository norms

Documents Required

1. 1PAN Card
2. 2Aadhaar Card
3. 3Share certificates (for conversion)
4. 4Client Master Report (CMR)
5. 5Demat account details
6. 6KYC documents

Process

1. 1

   Open Demat Account

   Open an account with a Depository Participant.

2. 2

   Submit Request

   Fill out the Dematerialization Request Form (DRF).

3. 3

   Submit Share Certificates

   Provide physical certificates to the DP.

4. 4

   Verification

   Company and depository verify the details.

5. 5

   Credit of Shares

   Shares are credited to the Demat account electronically.

Frequently Asked Questions