Table of Contents
- 1 How do you dematerialize physical shares?
- 2 How do I change the company name on share certificates?
- 3 What do I do if I lost my physical share certificate?
- 4 How can I transfer my physical shares to Icici direct demat account?
- 5 Can share certificates be in joint names?
- 6 How long does it take to dematerialise shares?
- 7 How do I dematerialise my physical shares?
- 8 How can a shareholder change the name of the company?
- 9 Can I transfer my physical shares after March 31?
The process of conversion of physical shares to demat
- Step 1: Visit the website of your preferred DP.
- Step 2: Click on the ‘open a demat and trading account’ link.
- Step 3: Fill in the demat and trading account opening application.
- Step 4: Upload scanned copies of all the necessary Know Your Customer (KYC) documents.
You will have to write/email to the Company requesting for name change stickers in the address mentioned in the “CONTACT US” link that is disseminated in the website. Based on the shareholders request we shall send the name change stickers, that can be pasted on the old name of the Company in the share certificate.
How do you transfer physical shares?
Steps to convert shares into Demat form:
- You should first open a Demat account with a depository through a depository participant (DP).
- After you’ve opened a Demat account, you’ll need to send your DP a completed Dematerialisation Request Form (DRF) along with your physical share certificates.
In order to obtain Duplicate Share Certificates, You need to Lodge a complaint with Police Station and submit a Copy of FIR (mentioning Folio No, Share Certificate(s), Unit Name, Distinctive No(s) and no. of lost shares) in original or attested by notary/gazette officer.
Fill up a dematerialization request form, which is available with your DP. Submit your share certificates along with the form; (write “surrendered for demat” on the face of the certificate before submitting it for demat) Receive credit for the dematerialized shares into your account within 15 days.
How can I remove my name from physical share certificate?
Procedure for Transmission (Name Deletion) and Dematerialisation to be done together
- Make a request to the DP for deleting the name(s) of the deceased as per Transmission Form.
- Submit a DRF alongwith the security certificates and the documents mentioned above to the DP.
One has to ensure that in case of a joint ownership share certificates issued by the society should include both names. Some old housing societies have issued share certificates only in the first owner’s name and in such cases the joint owner will have no rights in the society.
How long it takes to dematerialise the shares? Dematerialisation will ordinarily take around 30 days. On the off chance, if the process takes more than 30 days, you must contact your DP. If he can’t support you, at that point you can send your complaint to the individual Investor complaint cell of NSDL or CDSL.
Can we convert physical shares to demat 2021?
# Once your demat account is opened, you can place a request for conversion of your physical share certificates into dematerialised format. # You have to surrender your paper shares to the demat company along with a Dematerialisation Request Form. Use separate forms for shares of different companies.
The second step is to complete the Dematerialisation Request Form (DRF) for each of the physical shares, along with all the required documents. If the company whose shares are being held has not joined the depository, and therefore does not have a unique number (ISIN), such shares cannot be dematerialised.
The shareholder will have to make an application to the company along with necessary documents in this regard. 1. Prepare a letter addressing the company or its Registrar and Share Transfer Agent (RTA) mentioning the reason of your name change and clear details of your old and new name;
What will happen to listed companies’ physical shares after March 31?
After March 31, listed companies’ physical shares will need to be ‘dematerialised’ to be sold or transferred. Consequently, after March 31, unless dematerialised, these shares would become technically ‘illiquid’.
If you are someone who owns listed physical shares, you won’t be able to transfer them after March 31 without first dematerialising them. After March 31, listed companies’ physical shares will need to be ‘dematerialised’ to be sold or transferred. Consequently, after March 31, unless dematerialised, these shares would become technically ‘illiquid’.