In the run-up to the Coal India initial public offering (IPO), brokers are offering Rs 500-700 to 'rent' the demat accounts of retail investors not subscribing to the issue. The rent is for the duration of the issue, which opens on Monday and closes four days later.
http://business.rediff.com/report/2010/oct/16/brokers-rent-demat-accounts.htm
http://business.rediff.com/report/2010/oct/16/brokers-rent-demat-accounts.htm