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Dematerialization of shares

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Dematerialization of shares

Dematerialization of shares:

In today's digital era, dematerialization is a thing. It refers to converting the physical certificates owned by the clients into their electronic forms or balances. However, the investors must have a Demat account to avail of this service. Dematerialization of shares eliminates the risk of physical certificates like- theft, forgery, loss, damage, etc. A Demat account expunges all these risks.

Moreover, the lack of paperwork saves time and enables quicker transactions, thus reducing workload to a great extent. At present, it is mandatory to dematerialise the shares. It is harder to track certificates, and hence dematerialization lets you store all of your securities in electronic form. Legal Times help you open a Demat account, thus assisting you in the process of dematerialization of your shares.

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