Please bear with me as this may be a trivial situation. I am just figuring out stuff with the Indian market nuances.
Here is the situation
A dear friend of mine has some very old stock certificates ( physical in her name). These go back a while and mostly were IPO allotmetns. The list includes TITAN, Reliance PEtro ( IPO issue!). India Glycol, Titan Industries etc.
She had some serious health issues and could not pay attention hence addresses etc were not changed- and it is a financial mess.
I tried to help her with some Mutual Funds - like changing names, getting refunds for funds that closed etc. To say the least it is a frustrating process.
My questions are the following
1. What would be the best way to get these share to an electronic form?
2. Should she first initmate an address change and then go to the Demat format- or she can just change the address for the Demat account and the companies that can udpate their entries
3. What can we do about dividends that most probably were returned? How frustrating will it be to get them to pay her past dividends - share splits etc etc
4. I am particulay worried about Reliance Petroleum. After she go shares via IPO- there was a merger and then again the famous demerger. I dont want to even think about how this process will work?
5. Is there a relialbe third party who you can suggest- that will do the follow up and get things up to date- I am willing to pay for the service if they are reliable. She is Delhi based- so prefer someone locally.
Appreciate your answers and pointers
Srikanth
Here is the situation
A dear friend of mine has some very old stock certificates ( physical in her name). These go back a while and mostly were IPO allotmetns. The list includes TITAN, Reliance PEtro ( IPO issue!). India Glycol, Titan Industries etc.
She had some serious health issues and could not pay attention hence addresses etc were not changed- and it is a financial mess.
I tried to help her with some Mutual Funds - like changing names, getting refunds for funds that closed etc. To say the least it is a frustrating process.
My questions are the following
1. What would be the best way to get these share to an electronic form?
2. Should she first initmate an address change and then go to the Demat format- or she can just change the address for the Demat account and the companies that can udpate their entries
3. What can we do about dividends that most probably were returned? How frustrating will it be to get them to pay her past dividends - share splits etc etc
4. I am particulay worried about Reliance Petroleum. After she go shares via IPO- there was a merger and then again the famous demerger. I dont want to even think about how this process will work?
5. Is there a relialbe third party who you can suggest- that will do the follow up and get things up to date- I am willing to pay for the service if they are reliable. She is Delhi based- so prefer someone locally.
Appreciate your answers and pointers
Srikanth