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Share Capital and Types of Shares — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares3 Marks
Question
What is the requirement of DEMAT A/C?
✓

Answer

  • Requirement of Dematerialization of Share:
  • The share certificate is a primary evidence of share ownership.
  • If the original share certificate is lost, stolen, destroyed or torn to get the duplicate share certificate is a very long and costly procedure for a shareholder.
  • Sometimes the signature does not match or there is a possibility of transfer by forged signature, or it is not received in time by post than there is a difficulty to purchase or sell such share.
  • To avoid these difficulties Dematerialization of shares is started.

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