Key Points
However, this shift has left investors who still hold physical share certificates wondering how to convert them into a demat format..
Read here: Demat Account: What are the tax implications of transactions?Converting physical shares into dematerialised (demat) form involves a few steps:..
A: Yes, there may be charges associated with dematerialising physical shares, including processing fees charged by the Depository Participant (DP) and other applicable charges as per the DP's fee structure...
A: The documents required typically include the dematerialisation Request Form (DRF), physical share certificates to be dematerialised, and any additional documents as requested by the Depository Participant (DP) or as per regulatory requirements...
A: Once the dematerialisation process is complete, you will receive a confirmation from your Depository Participant (DP), and the dematerialised shares will be reflected in your demat account statement...
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This type of illiquid shares cannot be transferred out of demat account or sold anywhere
20, Oct, 23A share which was once actively traded on stock exchanges could turn illiquid one day due to multiple reasons like trading suspension/block or any news event, etc. Further an investor cannot exit from such stocks by selling them on the stock exchange since there is no buyer.