Need help guys...!!

S

santoshchowdary.g

New Member
#1
#1
HI all...
my father had bought 500 shares of andhra bank in 2001 at rs 10/- each...two years ago i.e in 2008 he has passed away, he told us that he has sold off the shares..i dont know whether he had sold it or not. b'coz last month we have received a dividend of 2500/- from andhra bank. in that statement it was given that the no.of shares held are 500. so does this mean we still own the shares..? or is it a mistaken dividend.? i could not understand..even if we are holding the shares, i could not find any share certificates at home..so i thought my father has sold it..but this dividend cheque has confused me..?

I also want to know if at all we are still holding the shares how am i supposed to get it transferred without the share certificates is there any option..?
 
SavantGarde

SavantGarde

Well-Known Member
#2
#2
Hi Santosh,

a) If You Have Received Dividend, Then 100% Shares Were Not Sold.
b) I Have No Idea As To Why Your Father Might Have Led The Family To Believe That He Had Sold The Shares.
c) If You Have Not Been Able To Locate The Physical Share Certificates, Then There Could Be Another Possiblity....Could Be That Had A Demat Account & Shares Are In His Demat Account.
d) If A Demat Account Exists, Then The Next Step Would Be To Find Out Who The Nominee Is.
e) Incase Your Father Has A Demat Account....There Will Definitely Be A Nominee & Only The Nominee Can Claim The Shares After Completing Due Procedures.

One Thing Is Certain That Shares Were Not Sold.

Happy & Safer Finding

SavantGarde

santoshchowdary.g said:
HI all...
my father had bought 500 shares of andhra bank in 2001 at rs 10/- each...two years ago i.e in 2008 he has passed away, he told us that he has sold off the shares..i dont know whether he had sold it or not. b'coz last month we have received a dividend of 2500/- from andhra bank. in that statement it was given that the no.of shares held are 500. so does this mean we still own the shares..? or is it a mistaken dividend.? i could not understand..even if we are holding the shares, i could not find any share certificates at home..so i thought my father has sold it..but this dividend cheque has confused me..?

I also want to know if at all we are still holding the shares how am i supposed to get it transferred without the share certificates is there any option..?
Click to expand...
 
S

santoshchowdary.g

New Member
#3
#3
@savantgarde

Thnx for the reply.My father doesn't have demat account.so, i enquired with a share broker. he said i should consult a lawyer to claim the shares as the certificates are not available. what should i do..? should i go with his advice or is there any other option available..?
 
SavantGarde

SavantGarde

Well-Known Member
#4
#4
Hi Santosh,

a) Demat Account Need Not Be With A Broker.... It Can Be Opened With A Bank Which Is Also A Depository Participant.

b) If The Shares Were Bought From The Broker Where Your Father Has A Trading Account, You Will Need To Get The Transaction Details Of The Shares Bought... Track The Transaction With The Broker If The Shares Were Delivered To Your Father In Physical Form. This Detail Will Certainly be Available... Best Way To Follow This Up Is Go To The Broker's Office, Trace The Ledger Where This Transaction Is Reflected & Thereafter Take The Settlement Number & Go To Their Demat Depatment To Find Out Whether This Transaction (Payout) Was Settled Through Physical Delivery or Through Demat.

c) If At All It Comes Down To That The Shares Were In Your Father's Possession, In Physical Form & That The Family Is Not Aware of Its Whereabouts After Your Father Has Dropped His Physical Body.... Then You Will Need To Get In Touch With Registrar For Andhra Bank.

d) All Your Correspondence With Registrar & Anybody In This Regard, You Have Acknowledgments For Everything.

Happy & Safer Tracking

SavantGarde




santoshchowdary.g said:
@savantgarde

Thnx for the reply.My father doesn't have demat account.so, i enquired with a share broker. he said i should consult a lawyer to claim the shares as the certificates are not available. what should i do..? should i go with his advice or is there any other option available..?
Click to expand...
 
S

santoshchowdary.g

New Member
#5
#5
OHk i will do that and thank you for helping me. Apart from this i have small query about the sharemarket.
I want to get satyam shares..i use fundemental analysis to find out the market cap and p/e..but the satyam quarterly results are available only till dec'08.. so what should i do..in this kind of situations where perfect data is not available..what is the other alternative to find out whether the investment will be profitted or not..

same situation with moserbaer but slightly diff i can say..it's net profit is almost down but has good asset value..?
 
SavantGarde

SavantGarde

Well-Known Member
#6
#6
Hi Santosh,

SATYAM - While I Personally Do No Look At Balance Sheets... (Long Story As To Why I Do Not Look At Balance Sheet)...... Anyways, For An Investor I Would Suggest To Wait Patiently For Some Correction In Our Markets To Enter SATYAM.... Correction Will Come Between Last Week Of November & Before The Third Week Of December.

MOSERBAER - It's Historical High Is +110 Bucks... Don't Remember Exact Figure.... But In My Opinion Only Thing That Can Propel The Company Forward Is Their Foray Into Solar Panels...& This Progress Needs To Be Tracked.

Happy & Safer Investing

SavantGarde

santoshchowdary.g said:
OHk i will do that and thank you for helping me. Apart from this i have small query about the sharemarket.
I want to get satyam shares..i use fundemental analysis to find out the market cap and p/e..but the satyam quarterly results are available only till dec'08.. so what should i do..in this kind of situations where perfect data is not available..what is the other alternative to find out whether the investment will be profitted or not..

same situation with moserbaer but slightly diff i can say..it's net profit is almost down but has good asset value..?
Click to expand...
 
adityasaraf007

adityasaraf007

Well-Known Member
#7
#7
SavantGarde said:
Hi Santosh,

SATYAM - While I Personally Do No Look At Balance Sheets... (Long Story As To Why I Do Not Look At Balance Sheet)...... Anyways, For An Investor I Would Suggest To Wait Patiently For Some Correction In Our Markets To Enter SATYAM.... Correction Will Come Between Last Week Of November & Before The Third Week Of December.

MOSERBAER - It's Historical High Is +110 Bucks... Don't Remember Exact Figure.... But In My Opinion Only Thing That Can Propel The Company Forward Is Their Foray Into Solar Panels...& This Progress Needs To Be Tracked.

Happy & Safer Investing

SavantGarde
Click to expand...
Savantji, whenever you get time (1day, 1week, 1month, 1quarter, 1year,......) I would request you to please share this long story about not looking at the Balance Sheets.
 
S

santoshchowdary.g

New Member
#8
#8
ohk. Im trying to get more info about that.

Recently I Came Across A Company Named NanoExcel Corporation ltd.
This Company is issueing IPO shares, Daying that their shares will get listed in 2012 jan.They Are Investing The Money In Their Power Project At Arunachal Pradesh.
Each Share Is At 50/-
And They Are Distributing The Shares Through Network Marketing..They Did Not Give Any Notification Regarding The Shares and Are Promoting As Public Limited Company.
Now My doubt is That How come A Company Which Is Not Listed IN NSE/BSE Will Be A Public Limited Company...If It is Not so, IT is BEing Stated As Public Limited in The GOvt WEbsite MCA.GOV.IN..?
 
adityasaraf007

adityasaraf007

Well-Known Member
#9
#9
It is not required for any Public limited company to be listed. The only thing required is:
1. Minimum paid up capital of Rs. 5 lakhs
2. Minimum no. of members = 7
 
S

santoshchowdary.g

New Member
#10
#10
Thnq For The Info Aditya.
But As It Being Certified As A Public Limited Company and the company Collecting Shares Of Almost 400 Crores..
Will There Be Any Kind Of Help From The Govt For The ShareHolders If At All The Company Is Shut Down In Between..?
 
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