Depository Participant & Demat Services

Depository Participant & Demat Services

As a licensed merchant banker, we work as a Depository Participant (DP) and offer you Demat account services in order to help you convert and hold your securities in electronic or dematerialized form. With a Demat account, risks associated with holding your securities in physical certificates are eliminated, and transactions of securities are made more efficient. Moreover, Demat account makes holding your securities hassle-free with the help of its proper recording and immediate transfer facilities.

Our Depository Participant (DP) & Demat Department provides the following services:

  • Opening of Beneficial Owner Account (Demat Account).
  • Dematerialization and re-materialization of securities.
  • Safeguarding of securities in electronic form.
  • Settlement of trades by transferring/receiving the securities from/in BO accounts.
  • Facilitating  in pledge/unpledged, freeze/unfreeze of dematerialized securities.
  • BO to BO (Beneficiary Owner) transfer of securities.
  • Family name transfer/ Death name transfer of securities.
  • Mero Share online Demat portal service.
  • Other functions as allowed by laws and regulations in regard to securities depository.

If you wish to open a demat account with us, you can find the electronic form below. We will open a demat account in the national centralized depository and give you an account number, also known as BOID (Beneficiary Owner Identification Number), which can be used in the transaction of your securities.

A Depository Participant is an agent of CDS and Clearing Limited, who has received the registration certificate from SEBON and the membership license from CDSC.

Kriti Capital is an authorized Depository Participant (DP) Licensed by SEBON.

Demat Account is a type of account which electronically holds shares/securities of an individual/institution instead of physical certificate.

  • Eliminates the risk of forgery, theft and the manipulation of share certificates.
  • Easy to transfer securities.
  • Direct credit of IPO, FPO,right shares, bonus shares to demat account.
  • Easy to pledge securities when in demat form.
  • Easy for Family as well as DeathNameTransfer.

To open a new demat account, interested person will have to visit a licensed DP.

Customers will have to submit demat account opening form at DP with relevant documents (Citizenship Copy,Photograph,Birth Certificate copy incase of minor) to open a demat account along with their physical presence.

 

As per regulation of SEBON, individual can have maximum of two demat accounts.

DP ID is the code number for every licensed DP and Client ID is the auto created account number from the CDSC System. BOID is the combination of DP ID and Client ID.

Confirmation Letter and acknowledgement letter are the same which is auto-generated copy after entering the details in CDSC System relating to Demat account number and holder’s details.

Dematerialization is a process of converting physical securities into electronic form.

  • After Opening Demat Account, Demat account holder should visit his/her DP and fill-Up the Dematerialization request form (DRF) and submit their physical certificates to the DP for further process.
  • DP creates DRN against the shares & filled DRF.
  • DP then takes the document to respective RTS for signature verification & completion of demat process.
  •  If Signature is verified, the documents (along with share certificate) is accepted by RTS and share certificates are deposited in respective demat account within few days.

RTS or Registrar to Share, is a company appointed by the listed company (which has issued shares to public) for maintenance of their Shareholders’ details and for facilitation of shareholders’ transactions.

DRN or Demat Requisition Number is a request copy for credit and it is issued by DP.

After receiving DRN along with physical certificate it is handed over to respective RTA.

If Signature is not verified, the shares will not be deposited in the demat account. In such case, demat holder themself should visit the RTS company for necessary verification.

Demat account holder should immediately contact his/her DP for follow-up and inquire about the delay.

  • If demat account holder’s signature does not match with the record maintained at DP & RTS Company.
  • If one share holder has more than one holder number of same company.
  • Wrong information of three generation (Father’s name,Grandfather’s name.)
  • Wrong information in issued DRN.

It is an online service provided by CDS & Clearing limited through which customer can have access to their shareholding/transaction details. In order to use Mero Share online application, you can follow the following steps:

  • Fill up of Request letter for CDS Online Service and submit it at the DP.
  • DP enters the detail on the basis of request letter in the system and there on credentials (mero share login as well as password) will be provided to customer automatically through given email address.

A seller has to give an instruction to his/her DP to transfer the securities directly into the Clearing Account of Stock Brokers once the selling information is received from the broker. The same procedure should be completed within T+2 working days. Likewise, a buyer can give the standing instruction to the DP to credit his/her account in order to receive the purchased securities. Such instruction can be given at the time of opening demat account or after opening the demat account. Else, s/he can give the instruction for each transaction.

 

Yes, it is possible by transfer shares belonging to the same person from one DP account to another through BO-BO Process. BO stands for Beneficiary Owner. Please consult your DP for further details.

You can buy and sell the shares through a stockbroker.

T+2 signify the time period for the settlement of transactions traded in NEPSE. It denotes that settlement should be done within 2 working days of the transaction (buy/sell order execution).

Debit Instruction Slip (DIS) is an instrument to get shares transferred electronically from one account to another within the same Depository or Inter-Depository.

 

  • Debit Instruction Slips (DIS) are equivalent to Cheque Book and must be kept is safe custody.
  • If lost or stolen the same should be informed to the DP immediately.
  • Unused DIS and Requisition form should be returned to designated DP while closing DEMAT Account
  • Check the status of your shareholding on a regular basis.  If any discrepancy found it should be informed to DP immediate
  • Timely payment of Annual Maintenance Charge.
  • Timely payment of Annual Online Charge.
  • Safe Keeping of DIS Slip
  • Safe keeping of username and password from unauthorized person/s.
  • Account Opening Charge Rs.50 (One time )
  • Annual Maintenance Charge Rs.100 (One Time at the time of Account opening)
  • Annual Maintenance ChargeRs.100 (per Fiscal Year after Account Opened)
  • Online Mero Share Charge Rs.50 (per year )
  • DIS Charge RS. 25 (per transaction)
  • Pledge charge Rs.50 (per pledged Company)

For further detail FAQ, please visit   http://www.cdscnp.com/CDSC_FAQ_English.pdf

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