Going ahead from April 1, 2019, an investor will not be able to transfer the shares held in physical form using a transfer deed. The transfer will be possible only after dematerialization of these physical shares.
Please convert your physical shares to demat form by contacting a Depository Participant (DP) immediately with officially valid Know Your Customer (KYC) documents viz (a) PAN (b) Aadhar Card (c)Passport(d)Voter Card (d)Driving License(e) cancelled cheque for opening demat account.
To trade your paper shares, you have to first convert them into a dematerialised form. Dematerialisation is the process of converting physical shares of a company into electronic format. Shares are converted into dematerialised form and held in a new demat account.
# 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 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.
The Securities and Exchange Board of India (SEBI) on Monday said the last date for dematerialisation of physical shares has been extended to April 1, 2019. The regulator said the final date has been extended after taking into consideration representations from shareholders.
If an investor does not have or loses their stock certificate, they are still the owner of their shares and entitled to all the rights that come with them. If an investor wants a stock certificate, or if it is lost, stolen, or damaged, they can receive a new one by contacting a company’s transfer agent.
How to buy and sell shares online in India
- Open an operative Demat Account. To facilitate easier transition of buying and selling shares, you need to necessarily open a valid demat account. …
- Get yourself a broker. …
- Depository Participant or DP. …
- Professional investors make use of UIN. …
- Buying and selling shares.
You may see it referred to as form J30 or a share transfer form, but it means the same thing. The person selling the shares (often called the ‘transferor’) should complete their details on the stock transfer form, including their name and address as well as identifying the shares to be transferred, and then sign it.
If you want to buy or sell paper share certificates, you’ll need to use a certificated share dealing broker. This will give you access to their trading platform.
Share certificates are documents issued by companies that sell shares in the market. … In today’s financial world, physical share certificates are issued only rarely, with digital records replacing them in most cases.
You can dematerialise shares traded in the stock market and also companies listed on the depositories as well. You can demat the physical shares if the share has a company name, face value. To validate your certificate click here and mention the company name or ISIN as shown in the gif.
How can I transfer my demat account to SGB?
The process to transfer SGBs from a CDSL DP (Zerodha demat account) to an NSDL DP is explained below: You will have to submit a demat request to the NSDL DP and a remat request to the CDSL DP at the same time.
Change the name of Physical Share Certificates:
- Request Letter mentioning the reason for the name change.
- Affidavit.
- Attested copies of Marriage Certificate or Gazzate Notification.
- Self Attested copy PAN Card duly notarized.
- Self Attested copy Address Proof duly notarized. …
- Original Share Certificate.