1. A depository participant (DP), either a bank, broker, or financial services company, may be identified. 

2. An account opening form and documentation (PAN card details, photograph, and power of attorney) may be completed. 

3. The physical certificate is to be given to the DP along with a dematerialisation request form. 

4. If shares are applied in a public offer, simple details of DP and Demat account are to be given and the shares on allotment would automatically be credited to the demat account. 

5. If shares are to be sold through a broker, the DP is to be instructed to debit the account with the number of shares. 

6. The broker then gives instruction to his DP for delivery of the shares, to the stock exchange. 

7. The broker then receives payment and pays the person for the shares sold. 

8. All these transactions are to be completed within two days, i.e., delivery of shares and payment received from the buyer is on a T+2 basis, settlement period.