Dematerialization Process Flow
Convert Physical Share Certificates to Electronic Format
SEBI no longer allows transactions in physical share certificates. To transact on your old, physical share certificates, convert them to electronic format by dematerialising them. Whether you own shares or have inherited them, we help you dematerialise with complete SEBI compliance.
Complete Dematerialisation Process Guide
1. Open a beneficiary account with Wealthy Broking (Depository Participant):
The first step is to open a demat account with Wealthy Broking. A DP is an intermediary between you and the depositor. The DP is necessarily registered with SEBI. Ensure that the names in the demat account and the physical share certificates match exactly.
2. Fill out the Dematerialization request form (DRF)
Fill out a dematerialisation request form once your demat account is opened. Take your physical shares with you and surrender them to your DP while filling out the form. Do not forget to write 'Surrendered for dematerialisation' on every share certificate.
3. Submit required documents:
Once you submit all the documents, your DP will send an email or SMS to the Registrar and Transfer (R&T) agent. The R&T agents have been entrusted with the job of maintaining your records and ensuring SEBI compliance.
4. Dematerialisation registration and tracking:
WealthyIN will enter your demat request into the Depository system, and you'll receive a unique Demat Request Number for tracking. Your physical certificates and DRF will be couriered to the respective Registrar and Transfer Agent (RTA) or the issuing company.
5. Document verification process
The RTA will verify all details including certificate authenticity, signature verification, and compliance checks before crediting the shares to your Demat Account. You'll receive confirmation once the process is complete.
6. Process acknowledgement:
Once this process is completed, an acknowledgement is generated from the Register of Members saying the requisite changes have been made. The confirmation number will be forwarded to your DP.
7. Electronic shares credited to your account:
Your dematerialised shares will get credited into your demat account, making them ready for electronic trading and investment management.
Required Documents for Dematerialization
| S.No. | Type of Document | Requirements & Details |
|---|---|---|
| 1 | Dematerialization Request Form (DRF) | If the share certificates are in sequence, submit 3 copies of the DRF, For share certificates from different companies, submit separate sets of DRFs for each company. |
| 2 | Address proof | If the address has changed, submit self-attested copies of both the old address proof (such as a dividend warrant or allotment advice) and the new address proof (such as an Aadhaar card or passport copy). |
| 3 | PAN | Self attested copy of PAN card |
| 4 | Share certificates | Original share certificates |
Document Verification & Submission
To verify and confirm the documents, a soft copy can be sent by chat or Ticket in support portal before dispatching the hard copy. This helps ensure faster processing and reduces rejection rates. Courier the original documents to the address mentioned below.
Official Courier Address for Document Submission
WEALTHYIN BROKING PVT LTD,PN Plaza, 1090/B, Ground Floor,
18th Cross Road, 3rd Sector,
HSR Layout,
Bengaluru - 560 102,
Karnataka, India
Dematerialization Charges & Fees Structure
| S.No. | Charge Type | Amount |
|---|---|---|
| 1 | Dematerialisation charges | ₹250 per share certificate |
| 2 | Courier charges | ₹100 per dematerialisation request |
| 3 | GST | 18% on total amount |
Dematerialisation charges include ₹250 per share certificate and a courier charge of ₹100 per dematerialisation request, as Wealthy must courier the forms to the RTA. Additionally, a GST of 18% is applied to the total amount. Once the documents are submitted, the RTA will take up to 25 days to complete the dematerialisation process as per SEBI guidelines.