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Auto Pay-in Facility |
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SMS Facility |
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Tele Balancing |
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Demat of Securities |
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Transfer of securities |
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Pledge securities |
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Freezing/De-freezing Securities |
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Transmission of Securities |
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Remat |
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In India, a demat account, is similar to banking account which transfers paper based
physical shares into electronic form (dematerialized). This dematerialized account
is used to avoid holding physical shares. It is safe, secure and convenient way
to hold securities. Demat account is just like your savings or current Bank A/c.
At SIHL, we provide demat accounts through two central facilities. NSDL (National
Securities Depository Ltd) and CSDL (Central Depository Services (India) Limited).
We are members of both the depositories.
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Financial Institutions, banks, custodians and stockbrokers complying with the requirements
prescribed by Securities & Exchange Board of India (SEBI) can be registered as a
Depository Participant (DP).
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BENEFITS
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- A safe and convenient way to hold securities in electronic form.
- Demat Holding
Facility through Online and Phone.
- Immediate transfer of securities
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No stamp duty on transfer of securities
- Elimination of risks associated with
physical certificates such as bad delivery, fake securities, delays, thefts etc
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Reduction in paperwork involved in transfer of securities
- Reduction in transaction
cost
- No odd lot problem, even one share can be sold
- Nomination facility
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Change in address recorded with DP gets registered with all companies in which investor
holds securities electronically eliminating the need to correspondence with each
of them separately
- Transmission of securities is done by DP eliminating correspondence
with companies
- Automatic credit into demat account of shares, arising out of
bonus /split / consolidation / merger etc.
- Holding investments in equity and
debt instruments in a single account
- Remat Facility will allow you to convert
your electronic shares in to Physical Shares
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Normally, one has to provide DIS (Delivery Instruction Sheet) for any "Sell" transaction
from their Demat account before the pay-in deadline. Failure to provide this DIS
on time may result in "Auction" of your "Sell" order along with some penalties.
To overcome this problem, SIHL provides specialized service called Auto Pay-in for
our trading account customers. Clients can make secured buy and sell transactions
with this facility without having to fill up DIS (Delivery Instruction Slip). It
is convenient for clients as well as saves time and money.
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BENEFITS
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- Reduces Delivery Instruction charges and penalties
- Eliminates signature
mismatch problems
- Eliminates security auction problems attributed to non-delivery
of DIS
- Reduces problems when you are placing trade orders when traveling or
out of station
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SIHL provides an SMS alert facility to help its clients to update with all the information
related to their demat account. This facility is provided free of cost.Only you
need to register today by providing your mobile number.
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Information available through SIHL SMS facility are:
Conveying message related to
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- Account Opening
- On Off-market Transactions
- On Demat of Securities
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Ask for SMS service and take advantage of this facility to track your account activity.
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SIHL always strives to provide its customers the best possible service. As part
of our ever increasing customer support initiatives we are now providing Tele-Balancing
facility to all our Demat customers.
All Our Demat customers can now know their Demat Holding at any point of time, just
by calling our Tele balancing Department.
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BSNL Users can call on -> 079-26405001, 079-26405002
Mobile Users can call on -> 09429410030, 09429410031
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- Demat of securities -> It converts securities into electronic form from physical
shares held by you
- To Demat your physical holding of shares, you need to open
a demat account which is called "Beneficiary Account".
- You need to fill up the
Demat Request Form(DRF),which are serially numbered. In case of joint holding all
the joint holders need to sign the form.
- Holding in only those securities that
are admitted for dematerialization by NSDL or CDSL, which can be dematerialized.
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Only those holdings that are registered in the name of the account holder can be
dematerialized.
- Names of holders as appearing on the securities should match
with the name/s given in for opening of the demat account.
- If the same set of
joint holders held securities in different sequence of names, these joint holders
by using 'Transposition cum Demat facility' can dematerialize the securities in
the same account even though share certificates are in different sequence of names.
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A client may, in the normal course, receive demat confirmation in about 30 days
from the date of submission of demat request to the DP.
- There are special processes
for securities issued by Government of India and simultaneous transmission and Demat.
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Transfer of Security from one account to other account can be carried out smoothly
by means filling and submitting the Delivery Instruction Slips. Go through the guidelines,which
are elaborative. |
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Guidelines:"Do's & Don'ts":
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- Instruction slip, which is known as DIS, is nothing else but another form of cheque.
But it differs in certain characteristics like
- cheque is being reported in terms of Rupees whereas DIS it is being reported as
ISIN and no, of shares/units,
- In case of cheque, if joint account operated by
E (Either) or S(Survivor), any one can sign but in case of DIS of Demat Account,
all the client have to sign jointly, i.e., no E or S is applicable.
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- Ensure that instruction slips are properly filled in and signed by ALL the joint-holders
of the account, submitted to DP against acknowledgement on the client€™s copy.
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Ensure that instruction slips are submitted well within the time for timely execution.
(i) Market transactions to be submitted before 4.00 p.m. on the day prior to Pay-in
(ii) In case of on market transaction received after 4.00 p.m. for next day pay-in.,
it will be accepted and processed at client€™s risk & responsibility. (iii) In case
of off market transaction, ensure the execution date is of the next day of submission.
(iv) If you desire to submit the off-market transaction with same date of execution,
as per extant guidelines, instructions are to be carried out at client's risk &
responsibility.
- In case of off market transfers, please arrange to fill up the
reason for such transfer and the consideration.
- Ensure blank column are cancelled.
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Please do not keep DIS sign blank and leave with your DP or any other entity including
broker. It means, keep the same under safe custody.
- In case of lost / stolen
/ misplaced of DIS booklet, inform DP in writing duly signed by all the joint-holders
to stop transfer.
- In case you need a fresh / new booklet, please submit request
in the form provided in the existing booklet duly signed by joint-holders
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Inter-Depository Transfer:
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- It is basically transfer of securities between two demat accounts held across depositories,
i.e., from NSDL to CDSL & vice-versa.
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You can avail loan against your Shares which are in yourDemat Account.
A BO can, not only pledge his demat securities, but, may also be able to obtain
higher loan amounts, with reduced margins & lower rate of interest.
Moreover, procedure for pledging securities in demat form is very convenient for
both pledger and pledgee.
Pledge of securities in NSDL depository requires that both the borrower (pledger)
and the lender (pledgee) should have account in NSDL depository.
Transactions go through the following procedures:
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- Create Pledge/hypothecation Confirm the creation of Pledge/hypothecation
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Close the Pledge/hypothecation Confirm the closure of Pledge/hypothecation
- Invoke
the Pledge/hypothecation Confirm the invocation of hypothecation
- Unilateral
closure of Pledge/hypothecation
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You can avail this facility when you desire that your account should either be debited
or credited or both for a certain stipulated time frame.
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- You can do so by simlpy filling up the form meant for the purpose.
- No transaction
will take place during the prescribed period.
- Similarly you can also request
for defreeze of account when you desire to do so.
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In the event of the death of any one or more of the joint holder(s), the surviving
joint holder(s) can get the name(s) of the deceased deleted from the physical certificate(s)
and simultaneously get the securities dematerialized by following the procedure
mentioned below:
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- The surviving joint holder(s) shall open an account in the same order and pattern
as appearing on the certificates (except the name of the deceased).e.g:In case of
joint holdings of Mr. A,Mr. B & Mr. C,in the event of death of Mr. A,the account
should be opened in the name of Mr. B as the first holder and Mr. C as the second
holder.
- The dematerialization request in the prescribed form along with the
security certificates as per the usual procedure. As a client, you will submit a
"Form for transmission along with dematerialization".
- The depository participant
shall execute the dematerialization request in the account of the survivor(s) and
forward the dematerialization request form, security certificates, a copy of the
form for transmission along with dematerialization and a copy of death certificate,
duly notarized to the issuer or its R&T Agent.
- On being satisfied with the document
received, the issuer or its R&T Agent shall carry out the name deletion and then
process the dematerialization request, as per the prescribed procedure.
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Rematerialisation is the process by which a client can get his electronic holdings
converted into physical certificates.
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- A client can rematerialise his dematerialised holdings at any point of time.
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The rematerialisation process is completed within 30 days.
- The securities sent
for rematerialisation cannot be traded.
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To open an account we require following documents for opening a Trading Account.
Please submit a photocopy of the documents and bring original documents for verification.
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- Photo Proof (Any one of the following)
- Passport
- Voter Id
- Driving License
- Pan Card
- Address Proof (Any one of the following)
- Passport
- Voter Id
- Driving License
- Telephone Bill (Not more
than 2 months Old)
- Electricity Bill (Not more than 2 Months Old)
- Bank
Passbook
- Bank Statement (Not more than 2 months Old)
- Ration Card
- A copy of Cancelled Cheque
- Pan Card
- Signed Photograph of Holder
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Copy of notarized Power of Attorney, photograph of POA, Address proof of POA, PAN
card of POA and rubber stamp, if like to have POA for Account
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NSE-CM: INB230759031,
NSE-FO: INF230759031, NSE-CD: INE230759031, Member Code: 07590
BSE-CM: INB010759034, BSE-FO: INF010759034,
Member code 0943
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MCX-SX INE260759031,
Member Code: 10
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