Hello,
My father holds about 800+ shares of a company and we're looking to sell them. He does not hold the necessary documents to open a demat a/c and therefore we're thinking of transferring it to me (I hold a demat a/c). However, the problem is that all the shares are in one physical certificate.
Unlike, the 100 batch/certificate which were earlier issues, the shares are in one certificate. I read somewhere that only 500 shares can be transferred without de-materializing them. So, I tried getting in touch with the company's investor unit and they asked me to demat the shares.
So, bottom line, is there a way out? Somehow? I mean, how can they deny splitting the share certificate into two?
Any help will be appreciated.
Regards
Rahul
My father holds about 800+ shares of a company and we're looking to sell them. He does not hold the necessary documents to open a demat a/c and therefore we're thinking of transferring it to me (I hold a demat a/c). However, the problem is that all the shares are in one physical certificate.
Unlike, the 100 batch/certificate which were earlier issues, the shares are in one certificate. I read somewhere that only 500 shares can be transferred without de-materializing them. So, I tried getting in touch with the company's investor unit and they asked me to demat the shares.
So, bottom line, is there a way out? Somehow? I mean, how can they deny splitting the share certificate into two?
Any help will be appreciated.
Regards
Rahul