Study the following case/situation and express your opinion. (a). Can she open the account going to the Mumbai office of NSDL?

Question

Study the following case/situation and express your opinion.

Mrs. Z wishes to open a Demat account in her name.

(a). Can she open the account going to the Mumbai office of NSDL?

(b). Is she required to pay for the opening of the account and its maintenance?

(c). Does she have to send the shares to the respective company for demating?

Answer 1

(a) No, Mrs. 2 cannot go directly to the Mumbai office of NSDL.

(b) Yes, she is required to pay for the opening of the account and its maintenance.

(c) Yes, she has to send her original share certificate through Depository Participant to the company.