To start with, your broker will offer you lower brokerage, as he is certain that there will be no bad delivery of certificates. This also means, your certificates will not come back with objections, minimising the cost & time involved in the transaction.

You must either file a new Form 144 (in which case you can add shares back up to the one percent level) or your broker will return the unsold shares to the transfer agent for the reiussue of a certificate with a restrictive legend (unless Rule 144K has become available since you filed your Form 144). This page and all other pages and forms (not including SEC forms) on this Web Site ?Jackson L. Morris 2005,2006

SPIC's shares are compulsorily in dematerialized form. However, you may hold these shares in physical form.

YES ; In the initial public offer form (of Depository eligible companies), there is a provision to mention the client id and the depository id. You can fill these columns and if you are allotted the shares, they will be credited directly to your account in electronic form.

Yes! The investors can sell and deliver the scrips in the physical form where only demat deliveries are permitted. The Exchange settles such transactions under the Exit Route Scheme announced for scrips in compulsory demat delivery for all investors. The transactions of this type, which are executed in "C" group at the Exchange system, are settled on Trade-to-Trade basis, i.e., without netting of buy and sell position in the same scrip.

Based on data of SPIC demat accounts provided by the DPs, SPIC dispatches the dividend/annual report to share owners.

Yes, Infact ADCB has a product called which offers financial assistance against pledge of your demat shares.

When eMax becomes a public company, share holders will be free to sell their shares through a stock exchange.

You should instruct your Depository Participant (DP) to give 'Delivery Out' instructions to transfer the shares from your beneficiary account to the Pool Account of your trading member through whom you have sold the shares. The details of the Pool A/C(CM-BP-ID) of your trading member to which the shares are to be transferred, scrip quantity etc. should be mentioned in the Delivery Out instructions given by you to your DP.

Yes. In a three month period, you can sell only a maximum of one percent of the number issued and outstanding shares the issuing company has stated in its most recently published report - usually, on the Pink Sheets or in an SEC filing - unless the stock is traded on NASDAQ or an exchange.

Reserve Bank of India maintains a Subsidiary General Ledger (SGL) Account for holding and trading gilts and treasury bills in dematerialised form. Banks and Primary dealers are allowed to open SGL accounts with RBI. These primary dealers in turn are permitted to offer the facility of Constituent SGL account to other non bank clients to hold these securities in a demat form.

You should give Standing Instructions for 'Delivery-In' to your DP for accepting shares in your beneficiary account. You should give the details of your beneficiary account and the DP-ID of your DP to your trading member. The trading member will transfer the shares directly to your beneficiary account on receipt of the same from the Clearing Corporation.

The shares that have been bought and subsequently sold under BNST-G would be first credited and then debited from your Demat account as per normal pay in and pay out. You would not be required to do anything different from your normal transaction.

Yes, you have the option to convert either fully or part of the demat shares into physical certificates. You must submit a Rematerialization Request Form (RRF) to your DP. SPIC will issue the physical share certificates within 30 days on receiving the order from the DP.

The credit of the shares allotted to you,should be completed within fifteen working days after allotment by the Company from the date of closure of the issue, For.E.g.if the issue has closed on the 14 th,then the credit of shares to your account should happen by the 29th and you should be able to confirm this on th 30th with DP.

If you hold shares issued in an IPO, RBI would have given a general approval to the issuing company and you need not take any separate approval. If, however, you bought the shares in the secondary market, you will need to submit a Demat request form to TRANSWORLD, along with a copy of the RBI approval obtained at the time of acquiring these securities.