CDC Procedures for Conversion/Replacement of Physical Shares into Book-Entry Form
Legal basis
Section 72 of the Companies Act, 2017 read with Regulation 44 of the Companies Regulations, 2024
What it does
Once a shareholder has a CDS account and the company is set up in CDS, the shareholder submits the original physical share certificate(s) and a signed Transfer Deed (with Share Transfer Stamp, where applicable) to CDC Investor Account Services or their CDS Participant (broker). The company then logs into its CDS portal and approves the conversion request, after which the shares are credited to the shareholder's account in book-entry form and an eAlert confirms the credit.