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The DP ID and client ID is the identification of the applicant. The Registrar is required to process an application based on a bid file for IPO or right issue and in absence of any other possible validation, a wrong but valid demat account can lead to a wrong refund/credit of shares. Thus it is very important that the Demat Account Number is stated correctly in the application form.
The Registrar is responsible for complying with the time deadlines of updating the electronic credit of shares to the successful applicants, dispatching refunds, and attending to all investor-related queries after the issue is completed.
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