DEMATERIALISATION OF SHARES

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Dematerialisation is the conversion of share certificates(physical paper form) to an electronic form  which domiciled directly with the central securities clearing system (CSCS).

 A shareholder can dematerialise their shares by opening an account with CSCS through a stockbroker. Then, the shareholder can submit their share certificates to the stockbroker for dematerialisation; thereafter a verification form will be filled and forwarded with the certificate to the Registrar for verification.

 The share certificate verified by the Registrar are then sent to CSCS, CSCS will then update the shareholder’s account with the corresponding securities and units. Finally, shareholder can request for a CSCS statement of account detailing the shareholding position and the corresponding units from the stockbroker.

 Investdata Academy

Comments

  1. Nina Athena20 June 2018 at 01:44

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  2. Unknown20 January 2019 at 22:40

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