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PHYSCIAL SHARES TO DEMAT

26, May 2021
PHYSCIAL SHARES TO DEMAT

PHYSCIAL SHARES TO DEMAT

 

  • SEBI, NSE, BSE and other government agencies have been pushing for dematerialisation of physical shares or other financial instruments in physical form

 

  • Though it is not mandatory to demat the physical shares but it recommendatory to get the physical shares to demat

 

  • Some of the benefits to convert physical shares to demat are no chance of loss of physical instrument, saving on stamp duty, no chance of missing the corporate benefits of the company and convenience of trading in shares

 

  • For physical share transfer to demat account, investor need to have a demat account with any of the broker of his choice

 

  • Investor need to submit the Demat Requisition form along with Original Share certificate to his broker

 

  • Before submitting the shares for demat investor need to ensure that name, address, signature etc of investor are updated with company. This helps in avoiding rejection of demat requests

For any query, please feel free to reach out to us at Samadhan@sharesamadhan.com

 

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