What is the procedur to get physical share certificate transfered into demat account?

Question

howshud i get the shares dematerialized in my demat account?

Answer 1

Dear Brother Ankush, what you can do is, enter into an agreement with a DEPOSITORY PARTICIPANT with whom you would be opening your DEMAT ACCOUNT. You will have to surrender your physical share certificates to the company which issued them and informing them and giving details of your agreement with your DEPOSITORY PARTICIPANT, on the basis of which, the company would cancel your certificates and REGISTER your shareholdings in the name of your DEPOSITORY PARTICIPANT as the REGISTERED OWNER of those shares and intimate this registration through a notice to your DEPOSITORY PARTICIPANT. On receipt of the aforesaid notice from the COMPANY, the DEPOSITORY PARTICIPANT would register you as the BENEFICIAL OWNER of those shares. Remember, as a REGISTERED OWNER your DEPOSITORY PARTICIPANT has no RIGHTS of BENEFITS form those shares, not even the RIGHT TO VOTE. All RIghts would lie with you as the BENEFICIAL OWNER.