I want to transfer my physical shares

Hello,
Friends,
I am PG in commerce, I am in share trading since 1983, seen 3 scams, physical form of shares and now electronic form, however, since long I have not transferred physical shares, therefore I need help/guidance in transfer of my physical shares in my wife's name ( where to get share transfer form,how much is the stamp duty etc.)

= Rajendra Mardikar

hello sir ask ur broker about it... he would guide better and provide u with the required form to fill and procedure... max it would take is a month to dematerialize ur share certificate .. for demat broker charge vary frm 10rs to 30rs... stamp duty is only needed if u wanna transfer holder name...

regards

If the shares are in your name and you have a demat account, go to their office(where you have the demat account) and get forms for transferring the shares in your demat account.
Once the shares are transferred in your demat account you can easily transfer them to anyone else's demat account or even sell them.
If you do not have any demat account first open an account.

1) Open a DMAT acct on the name of person who has physical shares.
2) Fill up the dematerialisation request and submit it to your DMAT provider (broker or Bank). In this request u need to give the details of physical shares and your new DMAT acct.
3) Get acknowledgement from Broker/bank. Keep a photocopy of physical shares with you.

At this stage, they will send the request to Registrar of company whose shares u have. Registrar will update their records and transfer these stocks in DMAT form.
In next few days, u shd be able to see these shares in your DMAT account.

Now u can transfer them to your wife's name - provided she also has DMAT. It can be done by giving OFF-Market share transfer request to your DMAT provider.

To reduce this hassel, if possible go ahead and sell the physcial shares and buy new one directly in your /your wife's dmat account. Check with your broker, sometime, they ask extra commision for handling physcial delivery.

Hope I am not wrong in this explanation. I have tried to recall this from my previous experience when DMAT was just introduced.

All the best.

Anyone have idea about STATE AIDED BANK OF TRAVANCORE ,My grand father bought 2 shares of STATE AIDED BANK OF TRAVANCORE in 1927,but now liquidated,i cant find further details about bank,pls help us

Pl verify the name. Is it State Aide Bank of Travancore or State Bank of Travancore. State Bank of Travancore is very much existing and being traded regularly. Pl verify the name with the Physical Certificate available