National Securities Depository Limited
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Procedure for Transposition cum Demat

  • If the names of the clients appearing on the security certificates match with the names in which the account has been opened but are in a different order, such securities can be dematerialised by the procedure laid down in the relevant Business Rules i.e., 11.1.5 and 11.1.13.
  • The DP shall forward the DRF to the Issuer or its Registrar & Transfer Agent only after ascertaining that the number of certificates annexed with the DRF tallies with the number of certificates mentioned on the DRF. Provided further that in case of transposition cum dematerialisation cases, the DP shall also forward Annexure OA, alongwith the DRF to the Issuer or its Registrar & Transfer Agent.
  • The securities which have been dematerialised shall be credited to the account maintained by a DP only when the pattern of holdings in the account of the Client matches with the pattern of holdings as per the security certificates. Provided however that in case where the names appearing on the certificates match with the names in which the account has been opened but are in a different order, the Client can get the security certificates dematerialised by submitting the security certificates alongwith the Transposition Form as per Annexure OA and the Dematerialisation Request Form (DRF) to the DP. The explanation of such pattern of holding is given in Annexure F.