The holder of the physical shares will have to submit the share certificates along with the DRFs and KYC documents to broker where he/she having his/her Demat Account. The broker will then send the transferable shares and your documents to a registrar and transfer agent who will then convert them into an electric form.
Chaitya Financial Services will help you with everything from physical shares to demat form, transfer of shares, and other shareholders grievances.
Certificates could get lost in transit, they could get misplaced or they could get mutilated. Quite often, the transfer form got rejected because the signature in the transfer form did not match with the signature in the company's records.
Prior to 1997, shares were held in physical form. It was highly vulnerable to fraud and there were constant security concerns. Since the shares were in physical form, there were also concerns about storage and maintenance. Transferring of shares took time and there was a risk of losing certificates in transit. Physical certificates were also counterfeited sometimes.
Dematerialisation of shares solved all these issues. Shares were transferred digitally and the worry about authenticity is not there since each demat share is authenticated by ISIN. Concerns regarding storage and maintenance of shares were also eliminated.
We also help people file claims for unpaid dividends and shares. The dematerialization of shares, or conversion of physical shares into electronic form, benefits investors.
Don't freak out if you encounter instances where your money is frozen due to formalities or other factors. There are solutions out of this mess with our skills in conflict resolution.
202 , Aakash Complex, Behind Citi Bank,
Near Municipal Market, C.G.Road,
Navrangpura, Ahemdabad - 380009
+91 9825796997
+91 7940086628