Miyo Securities

Depository Participant

Depository Participant

Miyo Securities licensed Depository Participant (DP) from CDS & Clearing Limited. We act as intermediaries between CDSC and the valued investors who hold DEMAT account with us. we facilitate our clients to open Beneficiary Owner (BO) Account to deposit all their share certificates in paperless and hassle-free format. This eliminates the risk associated with holding paper-based shares. 

Choose Miyo Securities

Why Choose Miyo Securities as Your Depository Participant?

Whether you’re just starting out in the market or looking to diversify your portfolio, choosing the right Depository Participant is crucial. At Miyo Securities, we pride ourselves on delivering exceptional service and unparalleled support to each and every one of our clients. Here’s what sets us apart:

  • Same day Demat Account opening
  • Free Demat statement
  • Convenient customer service through Viber or WhatsApp
  • Quick clearing and settlement

Our DP Services

  1. Opening a Demat account
  2. Dematerialization of securities
  3. Re-Materialization of securities
  4. Family transfer and death transfer
  5. Maintaining record of securities in electronic form
  6. Settlement trades by transferring/receiving the securities from/in BO accounts
  7. Settlement of off-market trades that is occurred between BOs outside NEPSE
  8. To facilitate in pledge/unpledged of dematerialized securities
  9. Any other as allowed by laws and regulations in regard to securities depository
  10. Online Statement and portfolio view of Demat Account Meroshare

Required Documents for Opening Demat Account

For Individual

  1. Demat account form
  2. Meroshare form
  3. Citizenship
  4. Recent passport size photo
  5. Bank account details of beneficial owner

For Minor (Below 18 years

  1. Demat account form
  2. Meroshare form
  3. Recent passport size photo of guardian and minor
  4. Birth-Registration Certificate
  5. Citizenship of guardian
  6. Bank account details of Minor

For Institutions

  1. Corporate Demat account opening form
  2. Meroshare form
  3. Company registration certificate and PAN certificate
  4. Recent tax clearance certificate
  5. Board minute with decision to open the Demat account
  6. Memorandum of Association (MOA)
  7. Articles of Association (AOA)
  8. Copy of citizenship certificate of shareholders holding 10%, above shares and Account operator
  9. Recent passport size photo of Managing Director/CEO/Account operator
  10. Bank account details

Depository Participant (DP) Fees

Account Operation, Normal Transactions, and Others*
1Account Opening (BO)Rs. 50 (onetime fee)
2Annual Maintenance Charge (BO)Rs. 100 annually
3PledgeRs. 25 per stock
4Account FreezeRs. 25
5On market transactionRs. 25 per BO per stock per settlement ID**
6RematerializationRs. 50 per stock
7Online account access (Mero Share)Rs. 50 annually
  1. Total fee comprises of 85% Depository Participant fee, 10% CDS and Clearing Ltd. fee and 5% SEBON fee except for On Market Transactions.
  2. Total fee comprises of 75% Depository Participant fee, 10% CDS and Clearing Ltd. fee and 5% SEBON fee.

Transfer to other family members up value of securitiesFee*
1Rs.100,000 or less0.50% or Rs. 25 whichever is higher
2Rs. 100,001 to Rs. 500,0000.20% or or Rs. 500 whichever is higher
3Rs. 500,001 to Rs. 1,000,0000.15% or or Rs. 1000 whichever is higher
3Above Rs. 1,000,0000.10% or or Rs. 1500 whichever is higher
  1. 2% of total paid-up value of securities to be transferred or Rs. 200 whichever is higher.
  2. Total fee comprises of 40% Depository Participant (DP) fee and 60% CDS and clearing Ltd. fee.