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.
As such, transfers of physical shares are outside the purview of depository system. There is also no trading in physical shares on the stock exchanges and hence they can only be transferred in private deals. The recommended course of action for investors holding physical shares is to dematerialise them.
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.
How do I redeem my physical stock certificates?
Take the certificate to a notary public, and sign it in the notary’s presence. Send the stock certificate to the transfer agent by certified mail along with any required documentation of your ownership rights.
To convert your securities from physical to electronic form, you have to request a Demat Request Form (DRF). You have to fill out the DRF and deposit it along with the physical shares. For every share with a different ISIN (International Securities Identification Number), a separate form will be required.
Procedure to change name on Physical Shares of a Deceased
- Physical Share Certificates.
- Death Certificate of the Deceased.
- PAN Card of the Successor.
- Transmission Request Form.
- Attested Signatures by Banker of the Successor.
- Proof of Address of the Successor.
- Any other document as required by the Company.
Trading on the stock markets means buying and selling shares. You cannot do that without a demat account. This is because shares today are available only in dematerialized, i.e. electronic form, which is the only way in which shares can be traded.
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.