As a licensed merchant banker, we work as a Depository Participant (DP) and offer you DEMAT account services. The DEMAT account helps you convert and hold your securities in electronic or dematerialized form. With a DEMAT account, risks associated with holding your securities in physical certificates are eliminated, and transactions of securities are made more efficient. Moreover, the DEMAT account makes holding your securities hassle-free with the help of its proper recording and immediate transfer facilities.
Our Depository Participant (DP) & DEMAT Department provides the following services:
If you wish to open a DEMAT account with us, you can find the electronic form below. We will open a DEMAT account into the centralized national depository and give you an account number, also known as BOID (Beneficiary Owner Identification Number). This is used for the transaction of your securities.
DOCUMENTS REQUIRED TO OPEN DEMAT ACCOUNT:
1) For Individuals:
2) For Institutions:
What is ASBA?
ASBA or Application Supported by Blocked Amount, is a share application process whereby a demat account holder can apply for newly issued shares within the application interval by requesting his/her/its bank to block the application amount until the shares are allotted. The bank needs to be registered member of ASBA from CDS & Clearing Ltd.
If shares are allotted to him/her/it, the bank automatically transfers the allotted amount to the issue manager and releases the remaining amount. If shares aren’t allotted to the applicant, the total application amount is released by the bank. If the shares are allotted, then the applicant receives the allotted shares in his/her/it’s demat account (as indicated in the ASBA form) once the shares are listed.
What is C-ASBA?
C-ASBA is an online ASBA service provided by CDS & Clearing LTD to demat account holder who have taken “Meroshare” online service through their respective Depository Participants.
C-ASBA is easier and faster way of applying for newly issued shares (IPO/FPO/Mutual Fund). But, please be informed that a demat account holder having taken “Meroshare” online service can apply through C-ASBA only if the bank where it has a bank account is a member of C-ASBA. Please visit the website of CDS & Clearing Limited (www.cdsc.com.np) to check if your bank is a member of C-ASBA or not?
Procedure to Register for C-ASBA:
First, confirm if your bank is a member of C-ASBA. Also, you should have taken “Meroshare” online service through your Depository Participant (DP).
C-ASBA Member Bank till (8 February 2018)
A Depository Participant is an agent of CDS and Clearing Limited, who has obtained a registration certificate from SEBON and the membership license from CDSC.
Kriti Capital is an authorized Depository Participant (DP) Licensed by SEBON.
Demat Account is a type of account which electronically holds shares/securities of an individual/institution instead of physical certificate.
Having a Demat Account helps you avoid several risks and hassles, and hence comes with the following benefits of:
To open a new Demat Account, you will have to visit a licensed DP.
It's an easy pie! For a Demat Account, you need to submit a completed Demat Account opening form at DP with relevant documents (copy of your citizenship certificate, photograph, and a copy of your birth certificate copy if you are a minor). You need to make your physical presence for the process though.
According to the regulation of SEBON, you as an individual can have a maximum of two Demat Accounts.
DP ID is the code number for every licensed DP and Client ID is the auto-created account number from the CDSC System. BOID is the combination of DP ID and Client ID.
A confirmation letter and acknowledgment letter mean the same for a Demat Account holder. The letter is an auto-generated copy containing information on Demat Account number and holder’s details when your details are fully entered into the CDSC System.
Dematerialization is a process of converting physical securities into electronic form.
RTS or Registrar to Share is a company appointed by the listed company (which has issued shares to the public) for maintenance of their shareholders’ details and facilitation of the shareholders’ transactions.
DRN or Demat Requisition Number is a request-copy for credit and it is issued by DP.
After receiving DRN along with physical certificates, it is handed over to respective RTS.
If the signatures fail to get verified, the shares will not be deposited in the Demat Account. In such case, the Demat Account holder should visit the RTS for the required verification process.
The following reasons may cause rejection of DRF:
If you want to sell your stock, you need to instruct your DP to transfer the securities directly into the Clearing Account of Stock Brokers once the selling information is received from the broker. The same procedure should be completed within T+2 working days. Likewise, if you like to buy stocks, you can give the standing instruction to the DP to credit your account in order to receive the purchased securities. Such instruction can be given at the time of opening Demat Account or after opening the Demat Account. The other way round, you can also instruct your DP for each individual transaction.
T+2 signifies the time period for the settlement of transactions traded in NEPSE. It denotes that settlement should be done within 2 working days of the transaction (buy/sell order execution).
Debit Instruction Slip (DIS) is an instrument to get shares transferred electronically from one account to another within the same Depository or Inter-Depository.
As a Demat Account holder, you should:
The following charges will be applicable on holding a Demat Account:
For detailed FAQ, please visit http://www.cdscnp.com/CDSC_FAQ_English.pdf
|1||Demat Account Update Form for Bank Account||Download|
|2||DMAT Request Form||Download|
|3||DMAT Account Opening Form - Individual||Download|
|4||DMAT Account Opening Form - Company||Download|
|5||Bo-Bo Transfer Form (Corporate Same Holder)||Download|
|6||BO-BO Transfer Form (Individual)||Download|
|7||Demat Account Closed Transfer Form (Corporate)||Download|
|8||Demat Account Closed Transfer Form (Individual)||Download|
|9||Demat Citizenship Updated Form (Minor to Major)||Download|
|10||Documents Required for Opening DEMAT ACCOUNT||Download|
|11||Free Mero Share Online Form||Download|