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Benefits Of DP Service ACMIL DP Service Getting Started Registration Formalities Registration Forms & Documents Login A safe and convenient way of holding securities (equity and debt instruments both). Transactions involving physical securities are costlier than those involving dematerialised securities (just like the transactions through a bank teller are costlier than ATM transactions). Therefore, charges applicable to an investor are lesser for each transaction. Securities can be transferred at an instruction immediately. No stamp duty charges. Risks like forgery, thefts, bad delivery, delays in transfer etc, associated with physical certificates, are eliminated. Pledging of securities in a short period of time. Reduced paper work and transaction cost. Odd-lot shares can also be traded (can be even 1 share). Nomination facility available. Any change in address or bank account details can be electronically intimated to all companies in which investor holds any securities, without having to inform each of them separately. Securities are transferred by the DP itself, so no need to correspond with the companies. Shares arising out of bonus, split, consolidation, merger etc. are automatically credited into the demat account of the investor. Shares allotted in public issues are directly credited into demat account of the applicants in quick time. Introduction : A depository is a bank of securities as it holds securities such as shares, debentures, bonds, Govt. securities, units etc. of investors in electronic forms. We have always been driven by a desire to create values for our customers- First Approach, ethical and transparent business practices, reverence for professionalism and implementation of cutting edge technology. We strive to provide with the best services and make our clients life as simple as possible. Service : (including EASI forms, DIS request, Demat/Remat request, Modification & Closure form) Pending- Attach scan copy formats CDSL Website : www.cdslindia.com Advantages of opening account with us :- Since our association is slated for a long time, we are in a much better position to know your requirement regarding your holding and transfer of securities. We offer to our clients the automated pay in facility for trade done through ACMIIL. The transaction charges that are being levied by us are the lowest in the industry, as we believe in providing quality services at the most affordable costs. You can view, download and print the updated holding of your demat account along with valuation of holding. Holding information would be available online where by excess sale / Purchase, issuance of wrong slip, etc. can be monitored / avoided. Flexible trading & settlement irrespective of the exchange Advisory role : As our D.P. services are not profit oriented we will be able to advise you what is in your best interest. For eg. Financial implications of opening & timely closure of Multiple A/cs, Jt. Holding A/cs etc. No risk of loss, wrong transfer, mutilation or theft of share certificates. Speedier settlement process. Because of faster transfer and registration of securities in your account, increased liquidity of your securities. Instant disbursement of non-cash benefits like bonus and rights into your account. Efficient pledge mechanism. Personalized / attentive services of trained help desk. Daily statement of transaction & holding statements on e-mail/ Jadoomail.com All in one combined Monthly ‘Bill-cum-Transaction-cum-Holding-cum-ledger’ statement. In Case of new A/cs there will be no maintenance charges for the first quarter in which account is opened. Scheme / Schedule of Charges:- DP-CDSL Tariff Schedule w.e.f. 01st April 2007 PLAN 1: Applicable to all ACMIIL Trading clients SN Nature In case of, where Rate (in Rs.) 1. Account Opening New account NIL subject to collection of stamping charges 2. Transaction charges per transaction   a .  Buy   b .  Sell On market or early pay-in to ACMIIL Off market, inter-depository and on market to other brokers   a .  Nil   b .  Sell Rs.10/-+applicable taxes Rs.20/-+applicable taxes 3. Demat charges One Demat Request Form Rs.3/- per certificate + Rs.35/- for courier handling per ISIN 4. Remat charges One Remat Request Form Rs.3/- per certificate + Rs.35/- for courier handling per ISIN 5. Pledge charges One Pledge Request Form Rs.15/- per ISIN+ applicable taxes 6. Maintenance charges Atleast one chargeable transaction*, during previous quarter No chargeable transaction*, during previous quarter For first quarter, in which account is opened NIL Rs.50/- per quarter i.e. Rs.200/- p.a.+ applicable taxes NIL, only for that quarter, in which account is opened PLAN 2 : Applicable to Non ACMIIL Trading clients SN Nature In case of, where Rate (in Rs.) 1. Account Opening New account NIL subject to collection of stamping charges 2. Transaction charges per transaction   a .  Buy   b .  Sell   a .  Nil   b . Rs.20/- + applicable taxes 3. Demat charges One Demat Request Form Rs.10/- per certificate + Rs.35/- for courier handling per ISIN 4. Remat charges One Remat Request Form Rs.10/- per certificate + Rs.35/- for courier handling per ISIN 5. Pledge charges One Pledge Request Form Rs.15/- per ISIN+ applicable taxes 6. Maintenance charges One Demat account Rs.500/- per annum in advance + applicable taxes Note: Service tax , Education cess and Secondary & higher education cess will be charged as per rate prescribed by law. To open an account :- To start dealing in securities in electronic form, one needs to open a demat account with a DP. Basic requirement:- Documents to be attached Passport size photographs- 2 Proof of residence (POR) - Any one of Photo Ration Card with DOB / Photo Driving License with DOB / Passport copy / Electricity bill / Telephone bill / Bank letter duly attested by banker/ Flat maintenance bill (on the letterhead of the society)/ Rent agreement (duly stamped and registered)/ Identity card issued by employer (Government/ Semi-Government/ PSU) Proof of photo identity (POI) - Any one of Passport copy / Photo Driving License with DOB / Voters ID Card / PAN Card / Photo Ration Card with DOB PAN card Note : The agreement required to be signed by the investor details the rights and duties of the investor and DP. Maximum Number of holders in a Demat Account A maximum of three persons are allowed to open a joint demat account in their names. DEMATERIALISATION Definition Dematerialisation is the process of converting physical shares (share certificates) into an electronic form. Shares once converted into dematerialised form are held in a Demat account. Dematerialisation Process An investor having securities in physical form must get them dematerialised, if he intends to sell them. This requires the investor to fill a Demat Request Form (DRF) which is available with every DP and submit the same along with the physical certificates. Every security has an ISIN (International Securities Identification Number). If there is more than one security than the equal number of DRFs has to be filled in. The whole process goes on in the following manner. Dematerialisation Process  1 . Investor surrenders the physical certificates to the DP for dematerialisation  2 . DP informs the Depository about the request  3 . DP submits the certificates to the registrar of the Issuer Company  4 . Registrar communicates with the Depository to confirm the request  5 . Dematerialisation of the certificates is done by the registrar  6 . Accounts are updated by the Registrar and the depository is informed about the completion of dematerialisation   7 . Accounts are updated by the Depository and DP is informed about the same  8 . Demat account of the investor is updated THINGS INVESTORS SHOULD KNOW ABOUT ACCOUNT OPENING AND DEMATERIALISATION Providing the bank account details at the time of account opening It is mandatory for an investor to provide his bank account details at the time of opening a demat account. This is done to safeguard investor's own interests. There are two major reasons for this: The interest and dividend warrants can't be en-cashed by any unauthorized person, as the bank account number is mentioned on it. It is convenient and time saving, as dividends and interests given by the companies can be directly credited to the investor's bank account (through ECS facility, wherever available). Change in bank account details It is possible for an investor to make changes to the details of his bank account. The investor must inform any change in his bank account details to his DP. This enables him to receive the cash corporate benefits (such as dividends, interests) directly into his account in time and discourages any unauthorized use by any second party. Change in the address of investor as provided to the DP Any change in your address should be immediately informed to DP. This enables DP to make necessary changes in the records and informing the concerned companies about the same. Opening multiple accounts An investor is allowed to open more than one account with existing DP or with different DPs. Minimum balance of securities required in demat account There is no stipulated minimum balance of securities to be kept in a demat account. Account opening and ownership pattern of securities One must make sure to open a demat account in the same ownership pattern in which the physical securities are held. For example: If you have two share certificates, one in your individual name (say 'X') and the other held jointly with some other individual (say 'XY'), then in such a case you will have to open two different accounts in respective ownership patterns (one in your name i.e. 'X' and the other account in the name of 'XY'). Same combination of names on certificates but different sequence of names on the certificates or demat account In such cases, client has to fill up transposition form (attach scan copy) along with DRF. Holding a join account on "Either or Survivor" basis like a bank account No investor can open a demat account on "E or S" basis like a bank account. Allowing somebody else to operate your Demat account It is possible for an account holder (Beneficiary Owner) to authorize some other person to operate the demat account on his behalf by executing a power of attorney. After submitting the power of attorney to the DP, that person can operate the account on behalf of the beneficiary owner (BO).Addition/deletion of the names of the account holders after opening the account It is not possible to make changes in the names of the account holders of a BO account. A new account has to be opened in a desired holding/ownership pattern. Closing a demat account and transfer of securities to another account with same or different DP An investor, if he wants, can also close his demat account with one DP and transfer all the securities to another account with existing or a different DP. Freezing/Locking a demat account The account holder can freeze his demat account for a desired time period. A frozen account prevents securities to be transferred out of (Debit) and transferred into (Credit) the account. Dematerialised shares do not have any distinctive number Dematerialised securities are fungible assets. Therefore they are interchangeable and identical. Rematerialisation The process of getting the securities in an electronic form, converted back into the physical form is known as Rematerialisation. An investor can rematerialise his shares by filling in a Remat Request Form (RRF). The whole process goes on as follows: Rematerialisation Process  1 . Investor makes a request for rematerialisation to the DP  2 . DP informs the Depository about the request  3 . Depository confirms the request to the registrar of the Issuer Company  4 . Registrar updates accounts and prints certificates for the investor  5 . Accounts are updated by the Depository and details are provided to the DP  6 . Investor receives the certificates from the registrar Note : Depository - An organization that facilitates holding of securities in the electronic form and enables DPs to provide services to investors relating to transaction in securities. There are two depositories in India, namely NSDL and CDSL. As per a SEBI guideline, the minimum net worth stipulated for a depository is Rs.100 crore. DP (Depository Participant)- A Depository Participant can be a financial organization like banks, brokers, financial institutions, custodians, etc., acting as an agent of the Depository to make its services available to the investors.

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