| Before you open your
account... |
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You can collect your account opening form
from any of our branches or download it from our site
itself. |
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As prescribed by Depository bye-laws,
accounts have to be opened in the exact order in which the
name(s) appear on the share certificate. |
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Remember that Holding pattern A B is not the
same as BA. However, minor differences like abbreviations,
spelling mistakes can be ignored provided signatures recorded
with the registrar / company are the same. |
| Get your account opening
form details right. |
| Check your form against these
details : |
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All columns are filled in. Write NA wherever
not applicable. |
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Bank account number with complete address
and 9 digit MICR numbers are filled correctly. This will
facilitate effective disbursement of monetary corporate
actions into your account. |
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Signature of account holders are always in
black. |
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If you would like to receive credit of
shares purchased directly into your account, mark standing
instruction as 'Yes'. |
| Your account is
opened. |
| Once your account is opened,
you will be allotted a client identity number. You will be
sent an operating kit containing : |
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Details of your account as recorded by
SHCIL. |
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Copy of the agreement entered into with
SHCIL. |
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"Delivery instruction by client" booklet
allotted to your demat account. This booklet helps you
transfer shares from your account to broker account and other
accounts. |
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Now you are ready to operate your DP
account.
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| Important Points |
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PAN Mandatory |
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SMS alerts for debits and failed trades provided by NSDL.CDSL is providing only for debits. Hence clients may get their mobile number and SMS flag updated. |
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As per the latest NSDL guidelines, client may give local address or correspondence address,depending on his preference to receive the communications from the companys. |
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Complete address of the bank branch, bank account number,account type. 9 digit MICR code is mandatory.Please provide the specimen copy of a cheque for noting the correct 9-digit MICR code. |
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At the time of account opening, clients are requested to provide the proofs for identification and address.
The list may be provided. |
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Thumb impressions should be attested by a Magistrate or a Notary Public or a Special executive Magistrate. |
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NSDL does not have facility to operate a beneficiary account on 'Either or Survivor' basis. |
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The Power of Attorney should either contain a clause which gives power to sell or to deal with securities generally or a clause which gives power to operate depository account. NSDL has provided a sample clause in its circular no. NSDL/PI/2000/982 dated June 23, 2000. The sample clause is as follows: |
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"To sell or otherwise deal with or dispose of and to purchase, subscribe or otherwise acquire in any manner from the market or under public or rights issues or otherwise and accept the transfers of any stocks, funds, shares, debentures, Government and other promissory notes, securities, bonds, annuities or other mercantile negotiable instruments which shall or may at any time belong to me or which hereafter be transferred to me, whether solely or jointly and whether in my own right or having any other interest of whatsoever nature and however arising and in any capacity whatsoever including those belonging to others with my name and for such purposes to sign, execute or endorse all instruments of transfer and other documents for any purpose what so ever by virtue of these present." |
| Nomination for DP accounts: - Individual(s) Beneficiary Accounts ** |
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As per the instructions received from the Depositories, we can take cognizance of nomination only if it is submitted in the
prescribed format & the same has to be registered with the Depository Participant(DP) under a ' Nomination Registration
Number' (NRN). In the absence of NRN, DP will not be able to transmit the securities in favour of the nominee. Transmission
can be effected in favour of the nominee only if it is registered & after duly submitting the prescribed documents.
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If nomination has not been registered, account holders may submit the nomination form in the prescribed format to the nearest
SHCIL centre. On registration of the nomination, the NRN will be communicated to the account holder(s).In case nomination is not
registered , securities can be transmitted to legal heirs only on submission of legal documents as per Depository guidelines."
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