Depository participant & demat services

As a licensed merchant banker, we work as a Depository Participant (DP) and offer you DEMAT account services. The DEMAT account helps 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, the 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 regards 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 into the centralized national depository and give you an account number, also known as BOID (Beneficiary Owner Identification Number). This is used for the transaction of your securities.

DOCUMENTS REQUIRED TO OPEN DEMAT ACCOUNT:

1) For Individuals:

• Application form (Annexure 12 : as per CDS Byelaws, 2068)
• Agreement between Beneficial Owner and Depository Participant (Annexure 15 : as per CDS Byelaws,2068)
• Citizenship copy (in case of minor, copy of birth certificate issued by government and citizenship copy of guardian)
• Passport size photo (in case of minor, PP size photo of minor and of guardian)
• Bank account details of Beneficial Owner

2) For Institutions:

• Application form (Annexure 13 : as per CDS Byelaws, 2068)
• Agreement between Beneficial Owner and Depository Participant (Annexure 15 : as per CDS Byelaws,2068)
• Registration Certificate and PAN certificate copy
• MOA (Memorandum of Association) and AOA (Article of Association) copy
• Copy of Board Minute with decision to open the BO account
• One copy of passport size photo and citizenship copy of the account operator
• Bank account details of Beneficial Owner