Last day for 41 companies to be traded in physical or BT form

ShareSansar, August 23:

Central Depository System and Clearing Limited (CDSC) had instructed 41 listed companies to get their shares fully dematerialized by today (Bhadra 6, 2072). From tomorrow, the transactions in the shares of these companies cannot take place in the BT form or physical form as the shares of these companies will have to be traded in the demat form.    

CDSC had earlier instructed 65 listed companies to get their shares fully dematerialized. Now, there will be a total of 106 companies being traded in DEMAT form.

It is believed that electronic trading and settlement, facilitated by CDSC, would free the traders and individual investors from the hassles and risks associated with physical shares.