Dematerialisation process in NSDL:
Dematerialisation is the process
by which a client can get physical certificates converted into
electronic balances. An investor intending to dematerialise its
securities needs to have an account with a DP. The client has to
deface and surrender the certificates registered in its name to the
DP. After intimating NSDL electronically, the DP sends the securities
to the concerned Issuer/ R&T agent. NSDL in turn informs the
Issuer/ R&T agent electronically, using NSDL Depository system,
about the request for dematerialisation. If the Issuer/ R&T agent
finds the certificates in order, it registers NSDL as the holder of
the securities (the investor will be the beneficial owner) and
communicates to NSDL the confirmation of request electronically. On
receiving such confirmation, NSDL credits the securities in the
depository account of the Investor with the DP.
Rematerialisation process in NSDL:
Rematerialisation is the process
by which a client can get his electronic holdings converted into
physical certificates. The client has to submit the rematerialisation
request to the DP with whom he has an account. The DP enters the
request in its system which blocks the client's holdings to that
extent automatically. The DP releases the request to NSDL and sends
the request form to the Issuer/ R&T agent. The Issuer/ R&T
agent then prints the certificates, despatches the same to the client
and simultaneously electronically confirms the acceptance of the
request to NSDL. Thereafter, the client's blocked balances are
debited.
