Dematerialization of securities is a process by which physical share certificates converts into electronic form in a safe, secure and convenient manner and thus investors can enter into buying and selling transactions without suffering paperwork and delays. With a view to this objective, Ashika Stock Broking Ltd., one of the premium depository participants with the Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) for trading and settlement of dematerialized shares floats a unique customized offer for opening up demat account of all its new stock-broking investors willing to have their securities converted into electronic mode.

ASHIKA’s DP service is designed to offer customers an efficient way to manage their securities (shares, bonds et.al.) vis a vis keep a track the status of their holdings over a period of time without the hassle of handling physical documents that may get mutilated or lost in transit.

Ashika today holds a prominent position in the DP business and currently offers demat services through all its branches located across India.

FEATURES & BENEFITS:

Demat account has become a necessity for all categories of investors for the following features & benefits: -

• Settlement of Securities traded on the exchange as well as off-market transactions.
• Shorter settlements thereby enhancing liquidity
• Pledging and Hypothecation of Dematerialized Securities.
• Electronic credit in public issue.
• Receipt of non-cash benefits in electronic form.
• No stamp duty on transfer of securities held in demats form.
• No concept of Market Lots
• Change of name, address, dividend mandate, registration of power of attorney, transmission etc. can be effected across companies held in demat form by a single instruction to the DP.