Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
Converting physical share certificates into electronic holdings recorded by a depository.
It ended the era when ownership was a document in a cupboard that could be forged, torn, lost or rejected weeks after the trade.
The firm a company appoints to maintain its register of members and to process folio-level requests — dividends, transmission, dematerialisation and corporate action entitlements.
For anything held in physical form this is your counterparty, not your broker. A handful of these firms maintain the registers of most listed Indian companies.
Changing the order in which joint holders’ names are recorded against a holding, without changing who the holders are.
One of the few things still done on a physical folio, and a routine reason a dematerialisation request is rejected when the demat account lists the same two names the other way round.