Quick Steps To Follow And Convert Physical Shares To Demat

2. Quick Steps To Follow And Convert Physical Shares To Demat • Since the new rules have rolled out, people need not have to carry a hard copy to liquidate their investment at any point in time. Just a few clicks would suffice the details given by the customer, and the dealer may appropriate action accordingly. What may first seem to be a daunting task has benefited the general public in return. Carrying and maintaining the hard copy of the investment in the stock market often had many loopholes. • The regulatory body, the securities exchange board of India (SEBI), developed a drastic change in the rules and regulations regarding selling and purchasing stocks and shares. The investors need to open their Demat account to kick-start their mutual fund investment or trading. Specific rules and procedures must be followed to convert physical shares to Demat. Check out the following steps to get things done without any hassle.

3. Get Hold of Details Before initiating the dematerialization of the physical shares, it is essential to check whether the claim has a company name and face value. Make sure to visit the company site and review the ISIN number of the physical shares. Once all the details are gathered, send a photocopy of the essential document to the company head office. • Submission of Certificates Which documents do you need to submit? You may be baffled by the number of documents required to turn things in your favour. Two copies of the dematerialization request form (DRF), should be signed by the Registrar and Share Transfer Agent(RTA). If the address changes, then old dividend warrant/Allotment advice and new address proof must be submitted. The original share certificate should be submitted along with the DRFs. Along with these, a self-attested copy of the PAN card is mandatory.

4. Work Done By Registrar and Share Transfer Agent Once the documents mentioned above are submitted, the concerned team is the Registrar, and the Share Transfer agent(RTA) will take up to 25 days to complete the dematerialization process. They may verify and cross the documents and seek your assistance related to the papers if required. • Few things To Note The name, details and document details should be entered on the DRF with utmost care or else the request for the conversion may get cancelled by the company. • Ending Note For any reference, check the company’s site and contact the agents to convert physical shares to Demat. You may even get them for anunclaimed dividend transfer to IEPF. The agent may assist and guide the entire process for hassle-free operation related to the Demat account. Once the physical shares are converted into the Demat account, all sorts of updates regarding the shares can be traced from time to time on the cell phone itself.

5. Thank You • Source Url: https://medium.com/@sharesamadhanindia/quick-steps-to-follow-and-convert-physical-shares-to-demat-13e7df4c9eed • Address: Share SamadhanPvt. Ltd. B - 35, Lower Ground Floor, South Extension - Part II, Block B, New Delhi - 110049