SHCIL ONLINE - D E M A T

b) The Account Opening Form should be submitted along with the following documents
	i. A copy of PAN card of all the holder(s). The original PAN have to be produced for verification purpose.
	ii. A valid proof of identity / proof of address for all the holder(s). The list of valid proof of identity / proof of address available on website. The original documents have to be produced for verification.
	iii. Proof for bank details and MICR code such as cancelled copy of cheque leaf, letter from bank etc...
	iv. Tariff and DP - Client agreement duly signed by all the holder(s).
c) In person verification of all the account holders (including Guardian in case of minor account ) is mandatory as per Depositories guidelines.
d) Nomination / Declaration is mandatory against the individual beneficiary accounts as per Depositories guidelines. e) Any correction / modifications have to be authenticated by all holder(s)
ii) Guidelines in respect of account opening in case of Body-Corporate a)The applicant should fill up the Account Opening Form and submit the same to the DP alongwith the agreement duly executed on a stamp paper of appropriate value (available at all branches). b)The Account Opening Form should be submitted along with the following documents at the time of account opening
	i) A copy of PAN card. The original PAN have to be produced for verification purpose.
	ii) Memorandum & Articles of Association, board resolution for opening and operating demat account and the list of authorized signatories along with their specimen signatures and sign acrossed photographs , etc. iii) Introduction by the applicant's bank. iv) A copy of Proof of Address of the corporate evidenced by the document registered with Registrar of Companies (ROC) or an acknowledged copy of Income Tax Return or Bank Statement or Leave and License agreement / Agreement for sale or telephone bill (not more than two months old) or electricity bill (not more than two months old) in the name of body-corporate. The original of the Proof of Address have to be produced for verification purpose. v) Proof of Identity of authorized signatories (The list of valid proof of identity available on website).

Note :

a) Different categories of accounts require different sets of documents as per Depository guidelines from time to time. You may contact nearest branch for further details.

b) As prescribed by Depositories bye-laws, accounts have to be opened in the exact order in which the name(s) appear on the share certificate.

c) Bank account number with complete address and 9 digit MICR numbers should be filled correctly. This will facilitate effective disbursement of monetary corporate actions into your account.

d) Signature of account holders should be always in black.

e) If you would like to receive credit of shares purchased directly into your account, mark standing instruction as 'Yes'.

f) Depositories do not have facility to operate a beneficiary account on 'Either or Survivor' basis.

g) As per the latest NSDL guidelines, client may give local address or correspondence address, depending on his preference to receive the communications from the companies.

h) The demat accounts can be operated by both the client and the POA holder however the account can not be opened by the POA holder.

A sample clause for Power of attorney is given hereunder :

"To sell or otherwise deal with or dispose of and to purchase, subscribe or otherwise acquire in any manner from the market or under public or rights issues or otherwise and accept the transfers of any stocks, funds, shares, debentures, Government and other promissory notes, securities, bonds, debentures, annuities or other mercantile negotiable instruments which shall or may at any time belong to me or which hereafter be transferred to me, whether solely or jointly and whether in my own right or having any other interest of whatsoever nature and however arising and in any capacity whatsoever including those belonging to others with my name and for such purposes to sign, execute or endorse all instruments of transfer and other documents for any purpose what so ever by the virtue of these present."

iii) Once your account is opened

You will be allotted an account number. An operating kit will be forwarded to you containing :

a) Details of your account as recorded by SHCIL .

b) Copy of the agreement entered into with SHCIL.

c) "Delivery instruction by client" booklet allotted to your demat account. This booklet helps you transfer shares from your account to broker account and other accounts

II) Nomination for DP accounts: - Individual(s) Beneficiary Accounts

a) The nomination / dissent to nominate, as the case may be is mandatory in case of individual beneficiary accounts holder(s). In the case of joint accounts, signatures of all the account holders are required.

b) As per the instructions received from the Depositories, we can take cognizance of nomination only if it is submitted in the prescribed format & the same has to be registered with the Depository Participant(DP) under a ' Nomination Registration Number' (NRN). In the absence of NRN, DP will not be able to transmit the securities in favour of the nominee. Transmission can be effected in favour of the nominee only if it is registered & after duly submitting the prescribed documents. B

c) If nomination has not been registered, account holders may submit the nomination form in the prescribed format to the nearest SHCIL centre. On registration of the nomination, the NRN will be communicated to the account holder(s).In case nomination is not registered , securities can be transmitted to legal heirs only on submission of legal documents as per Depository guidelines." In case you do not wish to nominate, kindly submit declaration in prescribed format available with the branches.

f) Depositories do not have facility to operate a beneficiary account on 'Either or Survivor' basis.

g) As per the latest NSDL guidelines, client may give local address or correspondence address, depending on his preference to receive the communications from the companies.

h) The demat accounts can be operated by both the client and the POA holder however the account can not be opened by the POA holder.

A sample clause for Power of attorney is given hereunder :

Some important facts about nomination :-

a) The nomination can be made only by individuals holding beneficiary owner accounts on their own behalf singly or jointly. Non-individuals including society, trust, body corporate, partnership firm, karta of Hindu Undivided Family, holder of power of attorney cannot nominate.

b) A minor can be nominated. In that event, the name and address of the Guardian of the minor nominee shall be provided by the beneficial owner.

c) The Nominee shall not be a trust, society, body corporate, partnership firm, karta of Hindu Undivided Family or a power of Attorney holder. A non-resident Indian can be a Nominee, subject to the exchange controls in force, from time to time.

d) Nomination in respect of the beneficiary owner account stands rescinded upon closure of the beneficiary owner account. Similarly, the nomination in respect of the securities shall stand terminated upon transfer of the securities.

e) Transfer of securities in favour of a Nominee shall be valid discharge by the depository against the legal heir.

f) The cancellation of nomination can be made by individuals only holding beneficiary owner accounts on their own behalf singly or jointly by the same persons who made the original nomination Non-individuals including society, trust, body corporate, partnership firm, karta of Hindu Undivided Family, holder of power of attorney cannot cancel the nomination. If the beneficiary owner account is held jointly, all joint holders will sign the cancellation form.

g) On cancellation of the nomination, the nomination shall stand rescinded and the depository shall not be under any obligation to transfer the securities in favour of the Nominee.

III) Freezing and Unfreezing of accounts :-

a) Freezing of account : An account can be frozen / suspended

* On client request.

* On request by statutory authority such as Depository, SEBI, Income Tax, Police authorities etc.

* On the basis of court order.

b) Unfreezing of account : An account can be unfrozen

* On client request.

* On request by statutory authority such as Depository, SEBI, Income Tax, Police authorities etc.

* On the basis of court order.

Note: Freezing is available at account level, quantity level and ISIN level.

(IV) Transmission of accounts :

Transmission of account takes place in the event of death of the beneficiary account holder(s). There can be 4 situations in transmission of account.

a. When the account has joint holders and one of the holders dies

b. When the account has a sole holder with a nominee

c. When the account has a sole holder without a nominee

d. In case of HUF account where the karta is deceased.

Depending upon the aforesaid category, documents are required for processing of transmission of account.