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<h1>Regulation 74: Process for Surrendering Security Certificates for Dematerialization in India Explained</h1> Regulation 74 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 outlines the process for the surrender of a certificate of security for dematerialization. A beneficial owner must inform their participant of the security details and surrender the certificate, potentially through a custodian. The participant forwards these details to the depository and confirms the agreement with the owner. Records of surrendered securities are maintained, and details are sent to the issuer within seven days. The issuer verifies, cancels, and updates records within fifteen days, informing the depository, which updates its records and notifies the participant. The issuer keeps records of dematerialized securities.