Dematerialisation
Information
As you may be aware that the shares of MFL are under
compulsory dematerialisation (demat) segment of trading as per SEBI
directives. This means, MFL shares can
be purchased / sold at the Stock Exchanges only in demat form. Shareholders are therefore advised to avail
the demat facility.
Dematerialisation is the process of converting
physical share certificates into electronic form i.e. crediting of equivalent
number of shares to your depository account electronically.
For dematerialisation
of shares you have to open a depository account with a Depository Participant
(DP) having connectivity with National Securities Depository Ltd (NSDL) /
Central Depository Services (I) Ltd (CSDL).
You are free to open an account with any of the DPs for demat.
Benefits of Dematerialisation
·
No risk of loss / misplacement / theft /
damage of share certificates
·
No risk of bad deliveries
·
No stamp duty on transfer of shares
·
Faster transfer of shares
Steps involved for Dematerialisation
of shares
1.
Open a demat account with any of the
Depository Participants (DPs)
2.
Submit demat request form (DRF) (duly
signed by all the holders) along with the share certificates to the DP.
3.
Obtain acknowledgement from the DP for
having delivered the share certificates
4.
Receive a confirmation statement of
holding from your DP.
5.
PLEASE DO NOT SEND THE SHARE CERTIFICATES
/ DOCUMENTS FOR DEMAT TO THE COMPANY OR SHARE TRANSFER AGENT OF THE COMPANY
In order to obtain
the complete list of DP locations and their comparative charge structure, you
may log on www.nsdl.co.in / www.cdslindia.com
or else you may write to them for the same.