Demat Account definition

Demat Account means the account held with the depository participant for effecting transactions in securities held in dematerialized form;
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Demat Account means an account opened with the depository participant in accordance with the guidelines laid down by the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992);
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Demat Account means the depository account styled as “Centrum Broking Ltd. PMS A/c” for all its clients, for all and/or some of their products/Portfolios and/or individual depository accounts for each of their products or individual accounts of clients or a combination of all or any of these at the sole discretion of the Portfolio Manager and opened, maintained and operated by the Portfolio Manager on behalf of the Client with Centrum Broking Ltd. or any other entity, being a Depository Participant, for the purpose of providing the Portfolio Management Services.
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Examples of Demat Account in a sentence

  • The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the Demat Account.

  • Transfer can be made only in favor of transferees who are capable of holding Units and having a Demat Account.

  • Unit holders holding the units in physical form will not be able to trade or transfer their units till such units are dematerialized.Unit holders opting to hold the units in demat form must provide their Demat Account details in the specified section of the application form.

  • IFSC will help to secure transfer of redemption and IDCW payouts via the various electronic modes of transfers that are available with the banks.Investors opting to hold units in Demat mode should furnish Bank Account details linked with their Demat Account.

  • Since the scheme is going to be listed and no direct repurchase facility is available with the Mutual Fund, the investors who intend to trade in units are required to have a Demat Account and hold the units in the dematerialised form only.

  • In case Unit holders do not provide their Demat Account details, an Account Statement shall be sent to them.

  • The Unit holder intending to hold the units in Demat form are required to have a beneficiary account with the Depository Participant (DP) (registered with NSDL / CDSL as may be indicated by the Fund at the time of launch of the scheme) and will be required to indicate in the application the DP’s name, DP ID Number and the beneficiary account number of the applicant with the DP.In case Unit holders do not provide their Demat Account details, an Account Statement shall be sent to them.

  • Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. from a e-Voting link available on www.cdslindia.com home page.

  • Demat Account details are mandatory if the investor wishes to hold the units in Demat Mode.

  • Applicant(s) should have/ open a Beneficiary Account /Demat Account with any Depository Participant of NSDL or CDSL.


More Definitions of Demat Account

Demat Account or “Designated Demat Account” means an account maintained in terms of the Regulation 42 of the SEBI (Depositories and Participants) Regulations, 1996 by ANAND Depository Participant in its capacity as a Depository Participant or any other Depository Participant as may be specified by Anand Rathi Securities Ltd.
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Demat Account. Demat Account concept has revolutionized the capital market of India. When a depository company takes paper shares from an investor and converts them in electronic form through the concerned company, it is called Dematerialization of Shares. These converted Share Certificates in Electronic form are kept in a Demat Account by the Depository Company, like a bank keeps money in a deposit account. Investor can withdraw the shares or purchase more shares through this demat Account. Derivative Call (Put) Warrants: Warrants issued by a third party which grant the holder the right to buy (sell) the shares of a listed company at a specified price.
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Demat Account means Dematerialised account service is provided by depositories such as NSDL and CDSL through intermediaries / Depository Participant / Stockbroker such as IBI. xi. "DP Charges" or "Demat Charges" mean IBI's charges as a depository participant for providing the services of depository. CUSTOMER INFORMATION
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Demat Account means the account opened by the client with RRStock or other Depository Participant with which RRStock shall have arrangement for on-line transfer of securities, being a depository participant for holding securities in their dematerialized form.
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Demat Account means one or more account or accounts opened, maintained and operated by the Portfolio Manager with any depository or depository participant registered
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Related to Demat Account

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Investment Account As defined in Section 3.12(a).

  • Direct Account : means any Account which is not an ISA Account.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Note Account As defined in the Indenture.

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • ABLE account or "account" means an account established

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.