How to Convert Physical Shares to DEMAT Form
Open a DEMAT account. Submit physical shares and a transfer deed to your DP. The DP will credit shares to your DEMAT account.
What is the process to notify or claim shares and funds after the death of a shareholder?
Provide death certificate and necessary documents to the company or depository participant. Follow their procedures for transferring shares or claiming funds.
What is the process of claim shares from IEPF?
IEPF claim: Submit details to IEPF within 7 years of dividend declaration. Verify claim. Unclaimed amounts transferred to IEPF.
How can a nominee claim shares after the account holder's death?
Nominee claim: Provide death certificate, share certificate, and nominee's ID proof. Submit claim form to company. Company verifies and issues shares to nominee.
Why does shares get transfer to IEPF?
Shares to IEPF: Unclaimed dividends, shares without ownership information, or long-dormant accounts can be transferred to IEPF after a specific period.
What is IEPF ?
IEPF is India's economic policy think tank, bringing together experts to discuss, analyze, and recommend solutions for critical economic challenges. It plays a vital role in shaping India's economic future.
What is Unclaimed Dividends?
Unclaimed Dividends are dividends that a company has declared but not paid to shareholders because their contact information is outdated or they cannot be located. These funds often accumulate over time and can become a significant sum.
Share Transfers: A Step-by-Step Guide
Transferring shares is easy. Gather required documents, submit a transfer request, pay stamp duty (if applicable), and await confirmation. Whether physical or demat, the process is straightforward. For doubts, consult a financial advisor.