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Chairman & Managing Director Director Director Mr. Homiyar Madan Director COMPANY SECRETARY Mrs. Mamta D. Jain (till 10th February, 2011) BANKERS State Bank of India, Mumbai DBS Bank Limited, Mumbai HDFC Bank Ltd., Mumbai AUDITORS M/s. N. D. Heda & Co. Chartered Accountants REGISTERED OFFICE Contents Page Board of Directors ................................ 1 Chairman s Statement ......................... 2 Notice ................................................... 3 Directors.
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12th FAQ
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Several investors still hold physical shares due to reasons ranging from change in address, lack of awareness of their holding, death of the original allottee shareholder and investors leaving the country.
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The process of converting the physical shares of a company into an electronic form is commonly known as dematerialization (Demat). You will have to open a Demat account with a Depository Participant (DP) before raising a request for conversion of your physical shares.
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Share transfer deed must be duly stamped and delivered to the company along with certificate relating to shares transferred. Any instrument of transfer which is not in conformity with these provisions cannot be accepted by the company. Share transfer in physical mode is executed with the help of Form ” SH-4″.
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How To Convert Physical Shares To Demat Open A Beneficiary Account With A Depository Participant (DP): The first step is to open a demat account with a DP. ... Fill Out Request Form: ... Submit Documents: ... Dematerialisation Registration: ... Validity Check: ... Name Change: ... Acknowledgement: ... Shares Credited:
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If you're holding physical share certificates of a company, you will be first required to convert them into an electronic format before selling or transferring the shares. The process of converting the physical shares of a company into an electronic form is commonly known as dematerialization (Demat).
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Financial worth: When the issuing company remains operational, and its shares remain tradable, the certificate can retain financial value. You have the option to exchange the certificate for cash by selling it to a broker or directly to the company.
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In order to cash in the stock, you need to fill out the transfer form on the back of the certificate and have it notarized. Once complete, send the notarized certificate to the transfer agent, who will register the stock to you as owner.
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Physical Shares means, with respect to any person or entity, shares which are held either of record by such person or entity (or any fund or account to which such person or entity provides investment advice) or through a broker, dealer, agent, custodian or other nominee that is the holder of record of such shares.
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