Before you open your account...

• You can collect your account opening form from any of our branches.
• As prescribed by Depository bye-laws, accounts have to be opened in the exact order in which the name(s) appear on the share certificate.
• Remember that Holding pattern A B is not the same as BA. However, minor differences like abbreviations, spelling mistakes can be ignored provided signatures recorded with the registrar / company are the same.

Get your account opening form details right.

Check your form against these details :

• All columns are filled in. Write NA wherever not applicable.
• Bank account number with complete address and 9 digit MICR numbers are filled correctly. This will facilitate effective disbursement of monetary corporate actions into your account.
• Signature of account holders are always in black.
• If you would like to receive credit of shares purchased directly into your account, mark standing instruction as 'Yes'.

Type of Account can be opened.

The following accounts can be opened :-

• Beneficiary Account
Beneficiary Account is held with PSL by Individuals / Corporate / HUF/ Trust or by the broker himself for the purposes of holding their securities The beneficiary account holder(s) can also appoint attorney(s) to operate the beneficiary account by executing a Power of Attorney in specified format on stamp Paper of Rs. 50/=.
• Clearing Member Account
A Clearing Member Account is held with PSL by a Clearing Member of the Clearing Corporation (viz. The Broker). Clearing and settlement functions in respect of dematerialised securities are carried through this account.

Your account is opened.

Once your account is opened, you will be allotted a client identity number. You will be sent an operating kit containing :

• Details of your account as recorded by Peerless Securities Limited.
• Copy of the agreement entered into with Peerless Securities Limited.
• "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.
• Now you are ready to operate your DP account.

• As per the latest NSDL guidelines, client may give local address or correspondence address,depending on his preference to receive the communications from the companys.
• Complete address of the bank branch, bank account number,account type. 9 digit MICR code is mandatory.Please provide the specimen copy of a cheque for noting the correct 9-digit MICR code.
• At the time of account opening, clients are requested to provide the proofs for identification and address. The list may be provided.
• Thumb impressions should be attested by a Magistrate or a Notary Public or a Special executive Magistrate.
• NSDL does not have facility to operate a beneficiary account on 'Either or Survivor' basis.
• The Power of Attorney should either contain a clause which gives power to sell or to deal with securities generally or a clause which gives power to operate depository account. NSDL has provided a sample clause in its circular no. NSDL/PI/2000/982 dated June 23, 2000. The sample clause is as follows:
  
  "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, 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 virtue of these present."

Change in Address
Letter requesting change of address and signed by all the account holder is to be submitted in a specified format along with the following documents :-

• Photocopy of Proof of Identification*
• Photocopy of Proof of New Address*
• Copy of the latest transaction statement received from Peerless Securities

Change in Signature

A request letter with the new signature duly attested by the Bank is to be submitted alongwith :-

• Photocopy of Proof of Identification*
• Copy of the latest transaction statement received from Peerless Securities

Change in Bank Details

A request letter in a specified format incorporating the new details of the Bank along with a copy of Cheque leaf of the new account is to be submitted.

Change of Telephone/Contact Number

Request letter signed by all the holders.

Freezing of account

An account is frozen / suspended :-

• Only on the clients’ instruction.
• By competent authority (i.e. by the Depository / SEBI).
• On receipt of court order.

Defreezing of account

Defreezing of an account takes place :-

• Only on the clients’ instruction
• For defreezing pledge accounts, the client’s instruction has to be accompanied by bank authorisation

* Original document required for verification

DRF filled in triplicate, share certificates, requisite fee for demat will be submitted at the DP counter of Peerless Securities.

Following should be ensured before submitting the documents :-

• Shares are fully paid up
• Shares should be in the name of Account Holder
• Shares are not to be non-pari passu shares
• Shares of company are eligible for demat in NSDL
• Separate demat request form will be used for every company and every combination in name
• Share certificates, when submitted, should be defaced

Transposition-Cum-Dematerialisation

In case of transposition cum dematerialisation, the client can get the securities dematerialized in the same account if the names appearing on the certificates match with the names in which the account has been opened but if they are in a different order, by submitting the security certificates along with the Transposition Form.

Tariff applicable for maintaining Beneficiary Account with NSDL are as under :-

Sl. No.	Particulars	Tariffs
01	Annual Maintenance Charges	Rs. 650/= Plus NSDL charges.
02	Purchase (Market & Off Market)	NIL
03	Sale (Market & Off Market) Intra DP	Rs. 15/=
04	Sale (Market & Off Market) Inter DP	Rs. 21/=
05	Dematerialisation	Rs.2/= per cert. min. Rs. 500/= per Request
06	Rematerialisation	Rs. 12/- per cert. min Rs. 500/= plus NSDL charges
07	Creation/Confirmation of Creation of Pledge	Rs. 35/=
08	Closure/Conformation of Closure of Pledge	Rs. 15/=
09	Invocation of Pledge	Nil
10	Late Transaction Charges (per Transaction)	Rs. 20/=
11	Demographic Detail change	Rs. 50/=
12	Speed-e Maintenance Charge (Smart Card User)	Rs. 200/= plus NSDL charges
13	Speed-e Maintenance Charge (Password User)	Nil
14	Instructions delivered through Speed-e	Rs. 12/=
15	Non-Periodic statements will be charged at	Rs.10/= for first 5 pages and thereafter Rs.2/= per page.
16	Cost of Delivery Instruction book, containing 10 leaves	expect the first one is Rs. 20/= which is payable at the time of deposit of requisition slip