Have you found lost & forgotten paper shares? As of 2019, according to the order of market controller Securities and Exchange Board of India (SEBI), just offers in the electronic arrangement can be sold or moved at the financial exchanges. It doesn't mean you can't hold partakes in the actual structure, simply that you can't sell or move them.
To exchange your paper shares, you need to initially change over them into a dematerialized structure. Dematerialization is the way toward changing over actual portions of an organization into the electronic arrangement. Offers are changed over into dematerialized structure and held in another Demat account. In any case, do remember that you can change over just portions of an organization that is dynamic and exchanging on the trade. Along these lines, if the offers are as of now delisted from the stock trade, you might have missed the transport - those offers are currently worth just the paper they are imprinted on.
In any case, if the organization is as yet exchanging, here is a finished bit-by-bit interaction to change over those actual offers into Demat structure.
Open a Demat account
You can open a Demat account with any stock member by submitting KYC reports, similar to address confirmation and character evidence (PAN card, Aadhar card, visa, and so forth), alongside a photograph and record opening structure. A few storehouse members, including banks, stock businesses, or private and government organizations which offer Demat account opening administrations. A few organizations additionally permit the kickoff of Demat accounts endless supply of checked duplicates of KYC reports. Remember that the Demat record should be opened in the names of all investors on the off chance that the offers are mutually held.
Give up paper shares alongside DRF structure
When your Demat account is opened, you can put a solicitation for the transformation of your actual offer testaments into the dematerialized design. You need to give up your paper offers to the Demat organization alongside a Dematerialization Request Form. Utilize separate structures for portions of various organizations. You ought to likewise make sure to damage each paper share by referencing 'Gave up for Dematerialisation' on each actual offer authentication. You will get an affirmation slip for your gave-up shares. When the solicitation is endorsed after check, your actual offers are obliterated and you will get the dematerialized shares in your Demat account.
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