A depositary is an entity that holds and manages securities, such as stocks, bond, mutual funds in electronic form on behalf of investors.
A depositary participant is a licensed entity registered with the SEBON (Security Board of Nepal) and CDSC (Central Depositary System and Clearing Limited). DPs act as intermediaries between investors and the central depository. They provide Demat account service, enabling investors to hold and manage their securities in electronic forms efficiently and securely
A Depository Participant acts as an intermediary between the investor and the depository. They provide services related to maintaining electronic records of shares and facilitate transactions.
A Demat account which allows you to hold your shares and securities in an electronic format, making the process of buying, selling, and managing your investments much simpler.
You need to fill out a Demat account application form and submit it along with necessary documents at any DP (Depository Participant) license holder institution. The process generally takes 1 to 3 business days.
CKYC ID is a unique identification number assigned to individuals after their KYC information is verified and stored in centralized database. It allows individual to open new account without submitting their KYC documents multiple times.
You can submit all the required information online or by visiting nearest CKYC Agent. A list of CKYC Agent is available on the CDS and Clearing Limited website.
Yes, there is an account opening fee of NPR 150, annual fee of NPR 100. Additionally, there may be share transfer fees and other charges such as pledge fees.
If all the document and information is correct. It will take 1-2 days to open demat account.
To update your date of birth (DOB) or any other detail, you need to send an application and copy of citizenship to [email protected] with your Demat number and authorized signature or visit your corporate DP, Simkhadaplaza or any registered insurance branches. Correction charges will be applicable in certain modification.
Mero share is online service of demat account provided by CDS & Clearing Limited, which facilitates you to access your demat account, apply shares and transfer shares form anywhere.
Fill up Mero share application form and submit it to your DP. After the application submission you will get user id and password to your email address.
Registration of Mero share will cost NPR. 50 and renewal of Mero share account will be NPR. 50 for each year.
If you forgot Mero share password, you could reset from forgot password option and submit all required details, or you can contact your DP.
If you forgot meroshare PIN, you can reset from meroshare account.
Bank will provide CRN number. First of all, you need to fill up CRN registration form and submit to the bank where you maintained your saving account.
Your demat account will expire at the end of every fiscal year (31st Ashad) so you need to renew your demat account in the beginning of every fiscal year. And meroshare can be renewed at the time of expiry.
Yes, non-residents can open a Demat account in Nepal. They need to follow specific guidelines set by the regulatory authorities and provide necessary documentation.
To sell shares, you can place a sell order through your broker TMS account. Once the order is executed, the shares will be transferred from your Demat account (Through MeroShare EDIS) to the buyer's account, and the sale proceeds will be credited to your bank account.
Generally, there are no specific limits on transactions, but your broker may have certain policies. Always check with your broker for any operational guidelines.
You can retrieve your Demat account number by contacting your DP or checking account statements. It's always good to keep a record of your account details.
There are two types of links of bank account with demat account. One is dividend bank account, and another is CASBA link for CRN purpose. You can link only one primary bank account to your Demat account for dividend bank account which is used for the collection of cash dividend. However, you can link multiple bank account for CASBA by visiting your bank.
You can check your Demat account balance through your DP's online platform or MeroShare Application. Additionally, you can get a statement of your holdings upon request.
Yes, a Demat account is mandatory to hold and trade of listed shares electronically in the stock market.
Different types of share transfer are possible from demat account. Like BO-to-CM, BO-to-BO, Family Transfer and Death Transfer.
Dematerialization is the process of converting physical share certificates into electronic form, which is handled by the depository.
Probable reason of demat rejection must be signature mismatched with DP and Share Register, mismatch of information (Name, Father’s Name, Grandfather’s Name) provided in form with record of Share Register and if quantity and no. of certificate details is mismatch with the record.