Abhipra : Depository Participant

	The Depository Participant of the account holder i.e. pledgeor / hypothecator may request for creation of pledge/ hypothecation on receipt of the Pledge / Hypothecation Creation Form
	The Depository Participant of the pledgee / hypothecatee shall request confirmation for creation of pledge / hypothecation on receipt of the pledge / hypothecation creation confirmation form
	On receipt of the request and confirmation for creation of pledge / hypothecation from the pledgor / hypothecator and pledgee / hypothecatee respectively through their Participants, Abhipra will create the pledge / hypothecation.
	The Depository Participant of the pledgor / hypothecator will request closure of pledge / hypothecation on receipt of the pledge / hypothecation closure form.
	The Participant of the pledgee / hypothecatee will request confirmation of closure of pledge / hypothecation on receipt of the pledge / hypothecation closure confirmation form.
	On receipt of the request and confirmation for closure of pledge / hypothecation from the pledgor / hypothecator and pledgee / hypothecatee respectively through their Participants, the Depository will close the pledge / hypothecation.
	The Participant of the pledgee / hypothecatee will request invocation of pledge / hypothecation on receipt of the pledge / hypothecation invocation form.
	On receipt of the request for invocation of pledge / hypothecation from the pledgee / hypothecatee through its Participant, the Depository will amend its records.
	The forms submitted by the pledgor / hypothecator and pledgee / hypothecatee will be checked by the Participant to ensure the completeness of the form and validity of the signature of the pledgor / hypothecator or pledgee / hypothecatee before the requests on these forms are executed.

Freezing
Account freezing means suspending any further transaction from a depository account till the account is de-frozen. A depository account maintained with a DP may be frozen in certain cases.

1. If a written instruction is received from the client by the DP, requesting freezing of account, or
2. If written instructions are received from the depository pursuant to an order of the Central or State Government, SEBI, or any order by the court, tribunal, or any statutory authority.

An account may be frozen only for debits (preventing transfer of securities out of the account). By freezing an account for debits only, no securities can be debited from the account, however, the client can receive securities in his account. An account can also be freezed for debits as well as credits (preventing any movement of balances out of the account). No transaction can take place in such an account until it is reactivated. A frozen account may be de-frozen or re-activated, by taking the reverse steps.

1. On the valid written request of the account holder where he had requested freezing,
2. On directions of depository made in pursuance of the order of the order of the appropriate authority.

The DP should immediately inform the client about change in status of the account from ‘active’ to ‘suspended’ and vice versa.

Transmission
The word Transmission means devolution of title to shares for example devolution by death, succession, inheritance etc. the person on whom the shares devolve has to Prove this entitlement by submittimg appropriate documents and seek transmission.

Different Cases of Transmission:
1) In Case of Joint Account
Documents Required:
i) Transmission form (Annexure O) to be signed by the surviving client.
ii) A Copy of Death Certificate duly notarized.
iii) Individual demat account in the name of surviving client.

2) In Case of Individual Demat Account
(I) With Valid Nomination
(II) Without Valid Nominee

Documents Required: (in case of valid nomination)
i) Transmission form (Annexure O)
ii) A Copy of Death Certificate duly notarized
iii) Affidavit on stamp paper of approprite value and duly notarized
iv) Individual demat account in the name of Nominee.

Documents required: (in case of without valid nomination)
If value of holdings is more than Rs. One Lac:
i) Transmission Form (Annexure O)
ii) A Copy of Death Certificate duly notarized
iii) A copy of Succession certificate duly notarized OR an order of a competent court OR a copy of the probate duly notarized.

If value of holdings is less than Rs. one Lac:
i) Transmission Form (Annexure O)
ii) A Copy of Death Certificate duly Notarized
iii) Affidavit on non judicial stamp paper of appropriate value and duly notarized.
iv) Letter of Indemnity duly notarized on Non-Judicial stamp paper of appropriate value.
v) No objection Certificate from all the legal heirs separately duly bank verified.
vi) Letter of Surety from an independent Surety acceptable to DP, duly bank verified.

In all the case mentioned under point II), claimant to have an individual demat account also and dues in the account of the deceased are to be cleared.

Closing
In case where there are no dealings in Securities, Account Holders can close his/her account. A client desiring to close an account shall make an application in specified format.

click here for Application Form

Remat
Remat is the the reverse of the demat process whereby the credit in an investor's securities account is re-converted into physical stock. Transfers the process of moving securities, represented by book entries with the DP, to and from the investor's securities account. This could be on account of either purchase or sale of securities by the investor.