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| ICIN
Information |
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| Empanelled
DP List |
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| Forms |
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| Circulars |
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The
depository clearing system has revolutionized the way settlements
are effected at the Stock Exchanges. With the view to extend
the benefits of demat system, it has been introduced in the
commodity sphere for the better and efficient settlement system.
Delivery of commodities can now be effected through warehouse
receipt in demat form.
Warehouse receipts are title documents issued by warehouses
to depositors against the commodities deposited in the warehouses.
These documents are transferred by endorsement and delivery.
Either the original depositor or the holder in due course (transferee)
can claim the commodities from the warehouse. Warehouse receipts
in physical form suffer all the disadvantages of the paper form
of title documents. Some of these limitations are as follows:
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Need
for splitting the warehouse receipt in case the depositor has
an obligation to transfer only a part of the commodities. |
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Need
to move the warehouse receipts from one place to another with
risk of theft/loss in transit/mutilation, etc. if the transferor
and transferee are at two different locations. |
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Risk
of forgery. |
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Warehouse
receipts in demat form are free from any of the above-mentioned
limitations. With the warehouse receipt in demat form the transfer
of commodities from one person to another can be effected immediately.
All the constituent of the Exchange such as the members and
their clients are required to open dematerialized accounts with
accredited depository participants (DPs) of National Securities
Depository Ltd and Central Depository Services India Ltd to
facilitate acceptance and / or delivery of commodities through
Warehouse Receipts in demat form. |
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| Contact
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No. : |
022-66494000 / 022 - 40861000
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Address for Submitting the documents for DEMAT/REVALIDATION & REMAT:
Demat Department.
National Bulk Handling Corporation Ltd.
Office No. 306-310A, 313-322, 3rd Floor,
Chintamani Plaza, Chakala, Andheri-Kurla Road,
Andheri (East), Mumbai – 400099.
Maharastra, India.
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