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Shareholders in India were facing a lot of problems in handling the paper based certification, such as delay in transfer of ownership, forgery and theft of certification, bad delivery, etc. But nowadays there are no such difficulties. Paper forms of shares are not seen.1. What is this paperless security called?2. What are its merits? |
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Answer» 1. Dematerialisation 2. Dematerialisation: It is a process by which physical share certificates are converted into an equivalent number of securities to be held in electronic form and credited in the investors’ account. For this, the investor has to open a Demat account with an organisation called a depository. |
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