InvestorQ : When I send shares for dematerialization, by when do I get confirmation.
Katherine Gonsalves made post

When I send shares for dematerialization, by when do I get confirmation.

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Rashi Mehra answered.
3 years ago
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The process of dematerialization typically takes 30 days if all the documents are proper and all approvals in place. Once everything including the signature and the master data is found to be OK, the registrar will give confirmation to the DP. Your DP on receipt of such confirmation will credit your DP account with the shares that are so dematerialized. From that point onwards, you will hold the shares in the dematerialized form with your depository participant. The moment the shares are credited to your account, the process of dematerialization of physical shares is complete. From that point, you are free to sell the shares in demat form whenever you want to sell them.
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