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Azərbaycan Respublikasının Milli Depozit Mərkəzi

FAQ

Information on whether securities are encumbered by a pledge or another encumbrance is issued as a certificate based on the records in the depository system.

Who may apply: the owner of the securities, their representative holding a notarised power of attorney, and, in cases provided for by law, authorised state bodies.

Required documents:

  • An application in the prescribed form;
  • An identity document (for legal entities — registration documents and a document confirming signing authority);
  • When applying through a representative — a power of attorney.

How to apply: the application may be submitted to the NDC head office or sent through the Electronic Application System (EMS). The processing time and fee are set by the current tariffs.

A gift is a transfer of ownership of securities free of charge. The transfer is registered in the depository system only after all documents have been submitted.

Required documents:

  • A notarised deed of gift;
  • The donor’s instruction to transfer the securities;
  • Identity documents of both parties;
  • If the recipient has no depo account — an application and questionnaire for opening one;
  • When applying through a representative — a notarised power of attorney.

Note: if the securities are encumbered by a pledge, attachment or other encumbrance, they cannot be transferred until the encumbrance is removed.

How to apply: documents are submitted to the NDC head office or to a depository member.

Securities are transferred by inheritance on the basis of a certificate of inheritance. No transfer is made without the certificate.

Required documents:

  • A certificate of inheritance issued by a notary;
  • The heir’s identity document;
  • An application for the transfer of the securities;
  • If the heir has no depo account — an application and questionnaire for opening one;
  • If there are several heirs — a document confirming the division of shares.

First step: before applying to a notary, a certificate on the securities registered in the name of the deceased may be requested. Such a certificate is issued at the notary’s request.

How to apply: documents are submitted to the NDC head office.

A shareholder can obtain information from several sources.

  • From the issuer itself — under the law, a joint-stock company must provide shareholders with its annual report, financial results and general meeting materials;
  • From the depository system — a shareholder can obtain a statement of the number of shares they hold and the operations on their account from the NDC or from their depository member;
  • From the Investor Portal — which provides online access to account data;
  • From public sources — information on issuers that have made a public offering is disclosed to the public in accordance with the law.

Notices of general meetings are sent to shareholders using the contact details in the register — so it is important to update the register when your address or contact details change.