The process to convert physical shares into a digital form is known as dematerialisation. In 2019, the Securities and Exchange Board of India (SEBI) mandated that trading shares in the stock market should only occur in an electronic format. To clarify, this does not mean that you cannot own physical shares, just that you cannot trade them. SEBI mandated this rule to ease the process of buying/selling or transferring the shares.
If you have physical shares right now, you need to convert them into a digital format to trade in markets. We at Proinvest provides you three types of notable services :-
After 2019, SEBI has mandated that trading of listed shares can only happen in dematerialized form. We provide end to end solutions through out the dematerialization journey including preparation of all the paperwork, drafting of letters, correspondence with the companies and its RTAs.
The government has made it mandatory for all the companies to transfer unclaimed dividends and its shares to Investor Education & Protection Fund (IEPF) if the dividend of any year stays unclaimed for a period of 7 years. After the expiry of 7 years the dividend and the corresponding shares are transferred by the company to IEPF.
We use the most competent legal advisors in financial market so that you can acquire your shares with the fewest obstacles and the quickest time possible. With years of experience in the documentation process, we strive for our customers to get their shares back. We are well-versed in the proper and most focused documentation necessary to reclaim your shares. Once you come to us and start using our services, you wonât have to worry about retrieving your unclaimed shares. Everything that stands between you and your shares will be taken care of by us.
It refers to the transfer of shares by operation of law, that is, following the death of the original shareholder, the shares are transferred to the legal heir. Death, insolvency, marriage, insanity, inheritance, bankruptcy, or any other âstatutoryâ reason other than natural transfer might cause complications for the legal successor with the transfer of shares.
Share Transmission can be sloppy at times, and it can take a toll on you if you donât seek competent expert help. We at Proinvest help our valued clients to deal with a variety of Share Transmission difficulties including but not limited to preparation of documents, communication with companies and its RTAs but also provides end to end solutions for successful transmission of their securities.
