Also found in: Financial.
DEMATDevelopment of Malawian Enterprises Trust
DEMATDematerialisation of Shares/Dematerialised Share
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The firm said that the facility would allow customers to open demat accounts instantly so that they can start using them for various purposes such as an application for an IPO or NFO, trading, etc.
Shares in the demat form will help in maintaining a transparent record of shareholding at companies amid rising concerns over beneficial ownership of entities The last date has been extended after taking into consideration representations from shareholders as the initial deadline was to end on December 5.
"All HDFC Bank resident individual customers who have an existing demat account with the bank can now apply for LAS by logging into their net banking account and clicking on the 'demat' tab and following the instructions," the bank said.
Created in 2008, "DEMAT" is a 100% Tunisian company totally exporting and operating in aeronautics.
Jaitley has proposed the introduction of a single operating demat account.
Sebi has also directed depositories NSDL and CDSL to attach all demat accounts belonging to the two defaulters.
"Three years back, we thought an ETF was the solution but it never took off because a Demat account is required.
With an automated process in DocWell, the contract notices and Demat statements can be sent much faster and easier without any delay.
There could be a long-term benefit as well: Demat of mutual funds could provide a big push to the trading of units on stock exchanges.
Demat Dos Be ready for one or all of the following: More than one demat account if the share certificates are held jointly.
The demat account will also become unified and cover all investments, that is, stocks, mutual funds, bonds and insurance.