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My Portfolio:

Advantage AxisDirect

You can dematerialize share certificates if they are registered in your name, the issuing company is admitted for dematerialization by NSDL/CDSL, and the shares are free from any encumbrances.

Eligibility:

Name Match: The name on the share certificate must match the name in your demat account.

Company Admittance: The company whose shares you hold must be admitted for dematerialization by NSDL (National Securities Depository Limited) or CDSL (Central Depository Services India Limited).

No Encumbrances: The shares should not have any liens, charges, or encumbrances against them.

Process:

Open a Demat Account: If you don't have one, you'll need to open a demat account with a depository participant (DP) like a stockbroker.

Dematerialization Request Form (DRF): You'll need to fill out a DRF, which is available from your DP, and submit it along with your share certificates.

KYC Documents: You'll also need to provide your KYC (Know Your Customer) documents.

Submit to DP: Submit the DRF, share certificates, and KYC documents to your DP.

Verification and Crediting: The DP will send the documents to the depository (NSDL/CDSL) for verification and the shares will be credited to your demat account.

Jointly Held Shares:

If the share certificates are jointly held, the demat account must be a joint account with the same holders and in the same order as on the share certificates. If the order is different, you'll need to submit a transposition form.

Lost or Damaged Certificates:

If your share certificates are lost or damaged, you'll need to obtain duplicate certificates from the company's registrar and transfer agent (RTA) before dematerializing them.

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