CDSC rounds up 3 more companies for DEMAT; Bars BT from Poush 6

Central Depository and Securities Clearing (CDSC) has picked 3 more companies for the dematerialization process.

From Poush 6, the trading and settlement of the shares of Hamro Bikas Bank Limited, Bharghav Bikas Bank Limited and Seti Finance Limited will only take place in DEMAT form.

CDSC has also urged the investors to sell their shares of these companies if it’s in Blank Transfer (BT) or get them transferred in their names in DEMAT form by Poush 5 as buying and selling BT shares would be prohibited after DEMAT trading rule comes into force after Poush 6.

Shareholders interested to purchase the shares of these companies must have a DEMAT account. Buyers of the shares of these companies will get shares only in their DEMAT account after Poush 5.

Investors should open a DEMAT account through authorized depository participants firms.

The CDSC has already asked shareholders of 3 other companies to open a DEMAT account.