I would have never looked at the stock markets had my dad not given me a huge bunch of paper stocks that had to get dematerialised. He had bought these shares during 80's and early 90's.
After lot of enquiry and hard work have finally got most of the shares demat and we were surprised that it was well worth over 1C when initial investment would not have been more than 1 Lakh.
The unfortunate side though was lot of the shares are not valid anymore as the companies have closed down - Orkay Mills, Maharastra Explosives, Kothari Electric Indisutries, etc.
I joined the forum to find a solution to an issue - one of physical shares has 2 certificates, 1 in my dads name and another in moms name. The demat account is in joint holder format, so the bank told us to get physical shares done in joint holder format for which the registrar advised we need to get a "share transfer form" to add the joint holder and send it to them with the certificates. But neither the bank nor the registrar are providing me this share transfer form. I see on the net Share transfer form 7 (b), is this the correct one? Because I feel that is only to transfer 100% shares to another person and not add joint holder. Pls advise.
After lot of enquiry and hard work have finally got most of the shares demat and we were surprised that it was well worth over 1C when initial investment would not have been more than 1 Lakh.
The unfortunate side though was lot of the shares are not valid anymore as the companies have closed down - Orkay Mills, Maharastra Explosives, Kothari Electric Indisutries, etc.
I joined the forum to find a solution to an issue - one of physical shares has 2 certificates, 1 in my dads name and another in moms name. The demat account is in joint holder format, so the bank told us to get physical shares done in joint holder format for which the registrar advised we need to get a "share transfer form" to add the joint holder and send it to them with the certificates. But neither the bank nor the registrar are providing me this share transfer form. I see on the net Share transfer form 7 (b), is this the correct one? Because I feel that is only to transfer 100% shares to another person and not add joint holder. Pls advise.