PHYSICAL SHARES

PHYSICAL SHARES

1. Transmission

The term “Transmission” denotes a process under which the title over the shares is transferred by the operation of law.

• Death of a member;
• In the case of a Joint Holding, transmission happens only when the last Surviving Member Dies;
• When a member has been Declared Mentally Ill (Lunatic);
• When a Company has been Amalgamated and Fresh Shares have been issued by the New Company;
• When the Investor is a Company and it has been merged with other company or goes into liquidation
• By the order of the Court;

2. Duplicate

A duplicate share certificate means a certificate issued in lieu of original share certificate when such original share certificate is reported to be lost by an Investor along with proper evidence or is surrendered to the company if the same is defaced, misplaced or torn out.

3. Claim from companies’ suspense account

Companies unclaimed suspense account, as applicable shall be held by the listed entity purely on behalf of the allottees who are entitled to the shares and the shares held in such suspense account shall not be transferred in any manner whatsoever except for the purpose of allotting the shares to the allottee as and when he/she approaches the listed entity.

4. Status change from minor to major

• When shares are being by the legal guardian for the benefit of a minor, till the time he/she becomes a major.
• Our Professional can help you for change the status from minor to major with a follow some procedure in great way to protect.

5.Status change (RI to NRI)

5. When the investment was done by the RI (Resident Indian) status and during the course of time he/she become NRI (Prior to RBI approval needed) & vice versa.
5. We would help the investor and guide so that they can get the investment ASAP.