Question

Study the following case/situation and express your opinion.

Mrs. Khushi wishes to open a Demat Account in her name.

1. Can she open the account at the Mumbai office of NSDL?
2. Is she required to pay for the opening of the account and its maintenance?
3. Does she have to send the shares to the respective company for demating?

Answer 1

1. No. Mrs. Khushi is unable to open a demat account with NSDL. This is because NSDL is a depository. The demat account is opened with a Depository Participant.
2. Yes. Mrs. Khushi is required to pay for the opening and maintenance of the account.
3. No, Mrs. Khushi is not required to send the shares to the respective company for demating.