Rematerialisation is the process of converting the securities held in electronic form in a Demat account to an equivalent number of securities in physical form (certificates) after debiting the same from the Demat account.
In order to rematerialize securities one has to fill in a RRF (Remat Request Form). Submit a completely filled up Remat Request Form (RRF) in triplicate for each ISIN. Forms are available at any of the nearest branches.
Important Points for Filling up the form
Ensure that the RRF is completely filled up. Incomplete details may lead to rejection of the remat request.
Use a separate RRF for each eligible security. Please ensure that name of the security and the ISIN number is entered correctly.
Submit requests for balances under lock-in through a separate RRF. Do not mix the same with free securities. Amongst lock-in securities belonging to the same ISIN but having different lock-in release dates or lock-in reason, make separate RRF requests.
You should mention the lot types whether Jumbo or Market Lot clearly. If the same is not filled up then the registrar will send certificates in market lot.
You must have sufficient free balance in your account for the ISIN for which the RRF is submitted.
The RRF must be signed by all the account holder's and should be in the same order. The signature on the RRF should match with the specimen signature with Indiabulls.
Submitting the form
You should submit the RRF in triplicate. You can submit the RRF at any nearest branch. The acknowledgement slip at the bottom of the form will be stamped and handed over to you after verification by the Indiabulls official.
Receipt of Physical Shares
The RRF is forwarded to the registrar. On acceptance of the remat request by the registrar, your account will be debited. The physical share certificate will be sent directly to you by the registrar.
The normal time taken for receipt of the physical shares is within a period of 30 days. However the time taken may vary from one registrar to another over.
In case you do not receive the physical shares within a month of submission, you can either phone us or write to us at firstname.lastname@example.org, so that we can check with the registrar.
The request for Remat has to be sent to the DP. DP forwards this request to the R&T Agent & NSDL/CDSL. The R&T Agent processes the request, prints the new share certificates and sends these fresh certificates to you directly.
When you Remat, shares are being transferred from the Depository to you. As the company is the registered holder in the Company's records, there is no levy of Stamp Duty in this transfer. But you will have to pay the Depository a nominal fee for the Remat.