If You Want To Open Up A Demat Account With “Indira Securities Pvt Ltd".

The process of opening an account with us is similar to the opening of a bank account. You can approach “Indira Securities Pvt Ltd” and fill up an account opening form. At the time of opening an account, you have to sign a standard DP Client agreement. All investors have to submit their proof of identity and proof of address along with the prescribed account opening form duly filled in and complete in all respects.

• You can open more than one accountThere is no restriction on the number of accounts you can open with a DP
• you are not restricted to having account with only one DP.There are no restrictions on the number of DPs you can open accounts with or the number of accounts you can open with a DP. Depository accounts are similar to bank accounts. Just as you can have savings or current accounts with more than one bank, you can open accounts with more than one DP.
• You don’t have to keep any minimum balance of securities in your account with your DP.The depository has not prescribed any minimum balance. You can have zero balance in your account.
• Charges are to be paid for opening an account and to demat one's physical sharesEach DP can levy charges by way of account opening fees, transaction fees, custody fees and so on. The charges differ from Depository Participant to Depository Participant and therefore you will have to contact your DP for the same to have detailed description on charges
• Precautions you need to observe with respect to Delivery Instruction Slips [DIS].
• Investors prefer to buy shares in the depository modeWhen you buy shares already in the depository mode, you will become the owner of those shares in the depository within a day of the settlement being completed. You will not have to apply to the Company for registering the shares in your name. Thus, there will be no possibility of loss or theft when the share certificates are posted to the Company. You will have no fear that any fake or stolen shares may have been delivered to you.
• Brokers are reluctant to deal with physical shares. Apart from the risk arising out of having to deal with the paper work and keeping account of the share certificates, the brokers are exposed to the risk of bad deliveries in the present system. It may take upto one year for the broker to discover that such a risk exists. As against this in the depository mode the broker will be free from the worries of bad deliveries. The broker's only risk will be that the investor does not own the shares which the investor has sold. But this will be known within the settlement period (10-15 days). The broker will thus prefer to sell securities that are in the depository mode.
• Whom should you approach in case of any fraud/disputes in using a demat account? Common risk factors applicable to trading in physical shares like mismatch in signatures, loss in postal transit, etc., are absent since the dematted shares are traded scripless. However, in the unlikely event of any other dispute, the concerned Stock Exchange and/or Depository Custodian viz. NSDL/CDSL or SEBI would have to be approached for resolving such issues
• Inform your DP incase of change in your address, telephone numbers etc, as early as possible.

Once you have opened an account with a Depository Participant, you can buy or sell shares in the electronic form, provided the seller/buyer also holds shares in the electronic form. You can sell the shares in the depository mode through any share broker (member of any stock exchange which provides demat trading & settlement ) .

All you need to do is to provide him the details of your account with the DP, with a delivery instruction to debit your share account with the number of shares sold by you. When you buy shares in the depository mode, you must, similarly, inform the broker about your depository account details so that the shares bought would be credited to your account with the DP.

Trades on the book entry (Depository) segment require to be settled on the same mode. To enable this, we will act only on valid instructions from the investor. In case Investor A has purchased from Investor B on the segment, Investor A will be required to provide clearly the securities account from where the credit is expected (in this case, Investor B). We will provide the necessary instruction format. In the same manner, the investor will be required to provide the securities account details of the investor to whom he has sold in the case of sell trades. We will arrange to settle these transactions between the investors using the centralised Depository Systems (NSDL or CDSL as the case maybe).

Free Balance: Only the balances shown under this heading are eligible for transfer, pledge and rematerialisation.

Pending Dematerialisation:The balances shown under this heading are lying with the concerned company and/or their registrars pending credit to your Demat Account. Please note that no transactions can be put through on these balances.

Pending Rematerialisation: The balances shown under this heading are lying with the concerned company and/or their registrars for providing you the physical certificates. Please note that no transactions can be put through on these balances

Pledge: The balances shown under this column are under pledge to a third party. Please note that the pledges have been marked in favour of the third party on the basis of your written instructions. Also, please note that no transactions can be put through on these balances.

Document Check List

A passport Size Photograph
Proof of Demat Account
Proof of Bank account
photocopy of PAN card

DematerializationDematerialization is the process by which a client can get physical certificates converted into electronic balances maintained in his account with the DP.

Features

• Holdings in only those securities that are admitted for dematerialisation by National Securities Depository Ltd (NSDL) can be dematerialised.
• Structure of holding in the securities should match with the account structure of the depository account. Now shares in different order of names can also be dematted.
• If the shares are in the name of X and Y, the same cannot be dematerialised into the account of either X or Y alone. However if the shares are in the name of X first and Y second, and the account is in the name of Y first and X second, then these shares can be dematerialised in this account.
• Only those holdings that are registered in the name of the account holder can be dematerialised. Physical shares which have not been transferred and are still there with a transfer deed cannot be dematted.