In case of a request for rematerialisation, does one get back the same certificate(s) that was dematerialised?

In case of a request for rematerialisation, does one get back the same certificate(s) that was dematerialised?

When you request rematerialisation of shares, you might wonder if you'll receive the same physical certificates you initially dematerialised. The answer is no. The process involves issuing new certificates rather than returning the original ones.

Issuance of New Certificates

Upon submitting a rematerialisation request, the Issuer or Registrar and Transfer Agent (RTA) will generate new physical certificates. These new certificates represent the same securities but are not the identical ones you previously held in physical form.

Folio Numbers

The new certificates may be issued under a new folio number. However, if you already have an existing folio with the company, the new certificates might be issued under that existing folio number. This ensures continuity and simplifies record-keeping for the investor.

Why New Certificates?

The issuance of new certificates, rather than the return of the old ones, is standard practice. It ensures that all records are up-to-date and reflects the current state of your holdings. This approach helps prevent any potential discrepancies or confusion regarding the ownership and status of the securities.

 

Hence, when you request rematerialisation of your shares, expect to receive new certificates issued by the Issuer/RTA. These new certificates may come under a new or existing folio number, depending on your records with the company. This process helps maintain accurate and current records of your securities holdings.


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