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Benefits Of DP Service	ACMIIL DP Service	Getting Started
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Benefits of DP Service

A safe and convenient way of holding securities (both equity and debt instruments).
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 immediately be transferred at an instruction.
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 ( even 1 share).
Nomination facility available.
Any change in address or bank account details can be electronically intimated to all companies in which an investor holds any securities, without having to inform each of them separately.
Securities are transferred by the DP itself, so there is 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.

Getting Started
Since our organization has been in existence for a long time now, we are in a much better position to understand your requirements regarding holding and transferring of securities.
We offer our clients an automated pay in facility for trade done.

Our transaction charges levied are the lowest in the industry, as we believe in providing quality service at the most affordable cost. You can view, download and print the updated holding of your Demat account along with valuation of the holding.

Holding information would be available online whereby 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 as a company 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.

Advantages of opening an account with us:

1. No risk of loss, wrong transfer, mutilation or theft of share certificates.

2. Speedier settlement process.

3. Increased liquidity of your securities, because of faster transfer and registration of securities in your account.

4. Instant disbursement of non-cash benefits like bonus and rights into your account.

5. Efficient pledge mechanism.

6. Personalized services of a trained Help Desk.

7. Daily statement of transaction & holding statements on e-mail/ Jadoomail.com.

8. 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 was opened.

Scheme / Schedule of Charges:-

DP-CDSL Tariff Schedule w.e.f. 01st April 2007

PLAN 1: Applicable to all ACMIIL Trading clients

Nature

In case of, where

Rate (in Rs.)

Account Opening

New account

NIL subject to collection of
stamping charges

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

Demat charges

One Demat Request Form

Rs.3/- per certificate + Rs.35/- for
courier handling per ISIN

Remat charges

One Remat Request Form

Rs.3/- per certificate + Rs.35/- for
courier handling per ISIN

Pledge charges

One Pledge Request Form

Rs.15/- per ISIN+ applicable taxes

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

Nature

In case of, where

Rate (in Rs.)

Account Opening

New account

NIL subject to collection of
stamping charges

Transaction charges
per transaction

a . Buy

b . Sell

a . Nil

b . Rs.20/- + applicable taxes

Demat charges

One Demat Request Form

Rs.10/- per certificate + Rs.35/- for
courier handling per ISIN

Remat charges

One Remat Request Form

Rs.10/- per certificate + Rs.35/- for
courier handling per ISIN

Pledge charges

One Pledge Request Form

Rs.15/- per ISIN+ applicable taxes

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.

Open an account :-
To start dealing in securities in an electronic form, one needs to open a Demat account with a DP.

Documents Required:

2 Passport size photographs
Any 1 Proof of Residence (POR) - 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)
Any 1 Proof of Photo Identity (POI) - 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 a 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, then an 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 the investor's own interests. There are two major reasons for this:

The interest and dividend warrants cannot 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 of 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
The DP should be informed of any change in your address. This enables the DP to make necessary changes in the records and inform the concerned companies about the same.

Opening multiple accounts
An investor is allowed to open more than one account with the 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 'Y' ), then in such a case you will have to open two different accounts in the 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, the investor has to fill up a transposition form (attach scan copy) along with DRF.

Holding a joint 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 or a 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 is not possible, after opening the account. Also, it is not possible to make changes in the names of the account holders. 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 an 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 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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