Investments in stock market can be both direct and indirect.If you invest in mutual funds,which in turn invest in the stocks, is indirect investment.
On the other hand, if you want to buy and sell shares on your own, you have to register with any SEBI registered broker.You will need a PAN card also, which is made mandatory for all investments and opening a demat account.Find out the brokerage which is nearer to you.You need a savings bank account with cheque book facility also.
Demat account for shares is like savings account for your currency.Your holdings are held in digital form.Whenever you sell, you need to issue a delivery instruction slip which wil be provided by your depository participant.Shares bought will directly go to your demat account if you open a demat account with the broking house through which you want to invest.
Face value as said by the other answerers is largely symbolic.It can be any of the following:1,2,3,5,10,50 or 100.Some companies declare dividends as a percentage of face value, some others declare in rupees per share.EPS is also based on face value.A company earning 2 rupees per share of 1 rupee face value is same as one earning 20 rupees on a share of 10 paid.
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