Dear Friends:
Senior & experienced members may kindly guide on some aspects of dematerialisation procedure and the safety thereof, for the benefit of new entrants like me who are confused & cautioned by the miserable experiences shared by some members in this and other portals:
a) Merits & demerits of NSDL and CDSL - Which one is safer or relatively more reliable Depository?
b) How efficient is the "Freeze" / "Unfreeze" option? The shares are frozen by the Depository or by the DP? How soon does the instruction get activated?
c) "Freeze" instruction is given to Depository or DP? If DP, is the "Freeze" option provided by all the DPs?
d) Is "Freeze" option available to both normal DIS book based accounts, as well as online-trading accounts?
e) Can shareholders exercise "Freeze" option while sending the Physical shares for Dematerialisation itself?
f) Are Physical Shares safe with the DP when we handover same to them for Dematerialisation? If the DP loses/misplaces the shares, or if shares are lost in transit etc, who will be responsible & how will the Shareholder get the situation remedied?
g) If you do not sign any online trading agreement, and do not sign any Power of Attroney with your DP, are there possibilities that the DP can still misuse your Demat Account with them, ie:can they still manipulate the account and play mischief with your Shares held by them in Electronic Form?
Sorry for too many questions at a time. But they are all very relevant and important to me and your valuable responses to any or all these doubts will help me to take important decisions.
Thank you all, in advance.
RAJ