Dematerialisation Services in India

The Company can enter Tripartite Agreement with one depository for the connectivity instead of both i.e. NSDL and CDSL. In the depository system, the ownership and transfer of securities takes place by means of electronic book entries. At the outset, this system rids the capital market of the means of electronic book entries. At the outset, this system rids the capital market of the dangers related to handling of paper.

• Elimination of bad deliveries
• Elimination of all risks associated with physical certificates
• No stamp duty for transfer of any kind of securities in the depository
• Immediate transfer and registration of securities
• Faster settlement cycle
• Faster disbursement of non cash corporate benefits like rights, bonus, etc
• Reduction in brokerage by many brokers for trading in dematerialised securities
• Reduction in handling of huge volumes of paper
• Periodic status reports to investors on their holdings and transactions, leading to better controls
• Elimination of problems related to change of address of investor
• Elimination of problems related to transmission of demat shares
• Elimination of problems related to selling securities on behalf of a minor
• Ease in portfolio monitoring since statement of account gives a consolidated position of investments in all instruments.

About Global Jurix

Established in 2002, Global Jurix is a leading full-service providing law firm which advices the Indian and foreign companies in setting-up and expanding the business in India. The experienced lawyers, attorneys, CAs, CSs and patent agents of Global Jurix are ready to provide all legal solutions about Dematerialisation for start-up, private or public companies.

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