A Depository Participant is an agent of CDS and Clearing Limited, who has obtained a registration certificate from SEBON and the membership license from CDSC.
Machhapuchchhre 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.
To open a new Demat Account, you will have to visit a licensed DP.
It's an easy pie! For a Demat Account, you need to submit a completed Demat Account opening form at DP with relevant documents (copy of your citizenship certificate, photograph, and a copy of your birth certificate copy if you are a minor). You need to make your physical presence for the process though.
According to the regulation of SEBON, you as an individual can have a 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.
A confirmation letter and acknowledgment letter mean the same for a Demat Account holder. The letter is an auto-generated copy containing information on Demat Account number and holder’s details when your details are fully entered into the CDSC System.
Dematerialization is a process of converting physical securities into electronic form.
After opening a Demat Account, you should visit your DP and fill-up a Dematerialization Request Form (DRF) and submit your physical certificates to the DP for further process. Then, your DP creates DRN against the shares & filled DRF. After you are done with your part, you DP takes the process forward. Your DP processes the document to respective RTS for signature verification and completion of the Demat process. If the signatures are verified, the documents (along with share certificates) are accepted by RTS, the share certificates will be deposited in the respective Demat Account within a few days.
RTS or Registrar to Share is a company appointed by the listed company (which has issued shares to the public) for maintenance of their shareholders’ details and facilitation of the 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 certificates, it is handed over to respective RTS.
If the signatures fail to get verified, the shares will not be deposited in the Demat Account. In such case, the Demat Account holder should visit the RTS for the required verification process.
You should immediately contact your DP for follow-up and inquire about the delay.
If you want to sell your stock, you need to instruct your 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, if you like to buy stocks, you can give the standing instruction to the DP to credit your 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. The other way round, you can also instruct your DP for each individual 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 signifies 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.
|DEMAT Account Opening Form - Individual
|DEMAT Account Opening Form - Comapny
|Bank Account Update Form
|Mero Share Application Form
|Mero Share Link Form (Demat Account of Family Only.)
|DEMAT Request Form
|BO to BO Share Transfer - Individual
|BO to BO Share Transfer - Company
|Death Name Transfer Form
|Family Name Transfer form
|DEMAT Account Close Form - Individual
|DEMAT Account Close Form - Company
|DEMAT Citizenship Update (Minor to Major)