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DEMAT SERVICES |
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| FREQUENTLY ASKED QUESTIONS(FAQs) |
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| Account Opening & Operation |
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1. Can I open more than one account with Shriram Insight Demat?
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2. Do I have to keep any minimum balance of securities in my account?
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| 3. Can someone else operate my account on my behalf on the basis of a power of attorney? |
| 4. How do I register a change in my signature with Shriram Insight Demat? |
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| Dematerialisation |
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| 1. Can I dematerialise all my depository eligible securities through the same account? |
| 2. Can I dematerialise shares, which are pledged with a bank, which is a DP as well? |
| 3. Can odd lot shares be dematerialised? |
| 4. How do I demat shares with Pre-Marital / Maiden names? |
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| Trading /Settlement |
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| 1. Can I buy and sell shares through Shriram Insight Demat? |
| 2. Can I deliver dematerialised securities against an obligation in physical segment, in all stock exchanges? |
| 3. Is the facility of delivering dematerialised securities in the physical segments of the stock exchanges, available only for those securities that are to be compulsorily sold in the demat segment of stock exchanges by institutions? |
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| Account Opening & Operation |
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| 1. Can I open more than one account with Shriram Insight Demat? |
| Ans. Yes, you can open more than one account with Shriram Insight Demat. There is no restriction on the number of accounts you can open with the same Depository Participant (DP).
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| 2. Do I have to keep any minimum balance of securities in my account? |
| Ans. No, there is no prescribed minimum balance. You can have a zero balance in your account.
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| 3. Can someone else operate my account on my behalf on the basis of a power of attorney? |
| Ans. Yes, if you authorize any person to operate your account by executing a power of attorney (POA) and submit it to us, that person can operate the account on your behalf. If you have given POA earlier and now wish to operate the account yourself, the POA has to be revoked by you in writing. |
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| 4. How do I register a change in my signature with Shriram Insight Demat? |
| Ans. You would have to make a request in writing. You would also have to get your signature duly attested by your banker, with whom you hold the bank account that has been specified for receipt of dividend.
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| Dematerialisation |
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| 1. Can I dematerialise all my depository eligible securities through the same account? |
| Ans. Yes. You can choose to have all your securities deposited in a single account provided that the securities have the same holders.
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| 2. Can I dematerialise shares, which are pledged with a bank, which is a DP as well? |
| Ans. Yes, you can, with the permission of the bank with whom such shares are pledged.
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| 3. Can odd lot shares be dematerialised? |
| Ans. Yes, Odd lot share certificates can also be dematerialised.
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| 4. How do I demat shares with Pre-Marital / Maiden names? |
| Ans. In such cases you need to submit a certified true copy of the marriage certificate along with the Demat Request Form (DRF), when you give your shares for dematting. Also provide an attested new specimen signature.
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| Trading /Settlement |
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| 1. Can I buy and sell shares through Shriram Insight Demat? |
| Ans. No, shares can be bought and sold only through a stockbroker. Shriram Insight Demat helps in delivering the shares against a sell transaction or receiving the shares for a buy transaction. You can open an account with shriraminsight to avail of seamless trading and settlement.
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| 2. Can I deliver dematerialised securities against an obligation in physical segment, in all stock exchanges? |
| Ans. Yes, SEBI has permitted dematerialised securities to be delivered against obligations in the physical segment at the stock exchanges connected to the depository. |
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| 3. Is the facility of delivering dematerialised securities in the physical segments of the stock exchanges, available only for those securities that are to be compulsorily sold in the demat segment of stock exchanges by institutions? |
| Ans. No, dematerialised securities of all the companies that are eligible for dematerialisation can be delivered against obligations in the physical segment. This also applies to delivery against auction of securities in the physical segment.
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