Rematerialisation

Dematerialisation:
It is the process by which a share holder can get physical certificates converted into electronic shares maintained in their client account with the Depository Participant (DP). Securities held in the dematerialised form are in fungible form, i.e. they do not bear any distinguishing features.

Rematerialisation:
It is the process of reconverting demat shares to physical shares is called rematerialisation. If one wishes to get back his securities in the physical form, one has to fill in the RRF (Remat Request Form) and request his DP for rematerialisation of the balances in his securities account.

Rematerialisation Process :
Beneficial owner/shareholder submits a request to the DP for re-materialisation of its holdings in its account.
DP intimates NSDL/CDSL of the request electronically through the system.
NSDL/CDSL confirms re-materialisation request to the RTA.
RTA updates accounts and prints certificates.
NSDL/CDSL updates accounts and downloads details to DPs.
RTA dispatches certificates to investors.
What is the procedure for applying for a Duplicate Certificate?

The Shareholder has to first and foremost inform the Company of the loss of Share Certificate and file an FIR with the Police Station of his area reporting the loss of shares.

A copy of the FIR duly attested in original has to be sent to the Company along with a letter, signed by the shareholder to enable us to send him the procedure for obtaining Duplicate Shares.

The Company requires the shareholder to execute an Indemnity Bond and Affidavit on Rs.100/- and Rs.10/- Non Judicial Stamp paper as per the attached formats. The Indemnity Bond and Affidavit should be signed by the shareholder and jointholders if any and their signatures SHOULD tally with the one in the Application / Transfer Deed.

When to rematerialise?
Security settlement in Indian securities markets takes place only in the demat form and hence, it is advisable to hold shares in the demat form only to quickly sell shares as and when desired. An investor can rematerialise shares only when he has no intention to sell his holdings and wants to hold shares only for the purpose of investment for the long term.