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- The investor opens a depository account with a participant or CDBL.
- Certificates are ‘dematerialised' by lodging them at the issuer.
- The issuer updates the register and moves the holding to the depository portion of the register.
- The investor sells on a stock exchange through a stock broker and another investor buys.
- The stock exchange advises CDBL to update its records.
- CDBL debits the sellers account.
- CDBL credits the buyers account.
- Investors may rematerialise if they wish.
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Design & Development :