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?
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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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