Demat Account definition
Demat Account means the account held with the depository participant for effecting transactions in securities held in dematerialized form;
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);
Demat Account means the account opened by the client with ProStocks or other Depository Participant with which ProStocks shall have arrangement for on-line transfer of securities, being a depository participant for holding securities in their dematerialized form.
Examples of Demat Account in a sentence
Further, the Share Escrow Agent is requested to close the Escrow Demat Account pursuant to Clause 9 of Share Escrow Agreement.
The Escrow Demat Account shall be operated strictly in the manner set out in this Agreement.
Such written intimation shall be sent in accordance with Clause 10.1, such that it is received on the day the Escrow Demat Account is opened.
Thereafter, the Share Escrow Agent is requested to close the Escrow Demat Account pursuant to Clause 9 of the Share Escrow Agreement.
Provided that, the Share Escrow Agent shall ensure that the Escrow Demat Account is opened in time for the Selling Shareholders to comply with Clause 3.1 below.
More Definitions of Demat Account
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.
Demat Account means demat account opened with the Participant.
Demat Account means one or more account or accounts opened, maintained and operated by the Portfolio Manager with any depository or depository participant registered under the SEBI (Depositories and Participants) Regulations, 1996 in accordance with the agreement entered into with the Client.
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.
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
Demat Account means one or more account or accounts opened, maintained and operated by the Portfolio Manager with any depository or depository participant registered
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.