I have a query related to dematerializing share certificates which are currently in paper form..
My mother owns a number of share certificates of Reliance group.
She wants to transfer these funds to my name.
We know the process of dematerializing shares but there is an issue.
The name printed on the share certificates is just her first and last name (without middle name).
however, her name in her demat account (with ShareKhan), bank accounts etc includes her middle name as well.
Does she need to transfer the paper shares to her name as in bank accounts and demat account?
Or can she directly transfer them to my name and I can them dematerialize them.
Can you please guide on how to demat these share certificates and what process we need to follow?
Your help will be highly appreciated.
My mother owns a number of share certificates of Reliance group.
She wants to transfer these funds to my name.
We know the process of dematerializing shares but there is an issue.
The name printed on the share certificates is just her first and last name (without middle name).
however, her name in her demat account (with ShareKhan), bank accounts etc includes her middle name as well.
Does she need to transfer the paper shares to her name as in bank accounts and demat account?
Or can she directly transfer them to my name and I can them dematerialize them.
Can you please guide on how to demat these share certificates and what process we need to follow?
Your help will be highly appreciated.