Answer:
To eliminate the problems of theft, forgery, transfer, delays and time involved in paperwork, an electronic book entry system for holding and transferring securities have been introduced. This is referred to as dematerialisation of securities. Dematerialisation is the process by which physical share certificates are converted to an equivalent number of securities in electronic form. Shares once converted into dematerialised form are held in a demat account. Demat account is an account which enables Indian citizens to trade in listed securities in electronic form.
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