CBSE Class 12-commerce Answered
Supriya’s grandmother who, was unwell, called her and gave her a gift packet. Supriya opened the packet and saw many crumpled share certificates inside. Her grandmother told her that they had been left behind by her late grandfather.
As no trading is now done in physical form, Supriya wants to know the process by adopting which she is in a position to deal with these certificates.
Identify and state the process.
Also, give two reasons to Supriya why dealing with shares in physical form has been stopped.
Asked by purnayyap | 17 Apr, 2020, 01:18: PM
Expert Answer
- The process highlighted in the given case is De-materialization, where securities held by the investor in physical form are cancelled and the investor gives an electronic entry or number so that she/he can hold it as an electronic balance in an account.
- Theft, forged transfers, paper work, transfer delays, etc. are some of the some of the reasons because of which dealing with shares in physical form has been stopped.
Answered by Surabhi Gawade | 17 Apr, 2020, 03:15: PM
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