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#1
18th July 2007, 07:36 PM
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Help: Shares still in physical form
I have got many shares in Physical form which i want to demat.
but the problem is that they r very old, some of 1980s...and they are in different names. as in those times in ipo subscription limits were present (or whatsoever reason, but they r in diff names- names are all my family relatives). so i ll have to open multiple demat accounts, multiple opening charges, pan cards, and lots of hassels..... is there a simpler way ? Pls help Regards .............Dr.Dweep 
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#2
22nd July 2007, 05:02 AM
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Re: Help: Shares still in physical form
Instead of opening different demat account, first transfer those share from different names to one name (through Transfer Deed) and then open one demat account to convert them to Demat.
You can request these transfer deed form from your broker.
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#3
22nd July 2007, 09:41 AM
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Re: Help: Shares still in physical form
Thank u very much for replying.... I m thinking to do the same
But the big concern is that i ll have to pay income tax, brokerage and other taxes/charges during transfer, as they count transfer as buy and sell!! Any other way like gifting the shares can save the tax???? Last edited by DWeeP; 23rd July 2007 at 05:15 PM. Reason: add detail
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