Share Market Help

[supernova 47]

my father is having some physical shares which he bought 8-9 yrs back . now how can i trade them ?

[Shraman 0]

You can. In fact, there are few options as follows

1] This is the Best Option but it consumes more time. Open a Demat Account with any Depository Participant with a good Background and Better Service. Submit the Physical Shares to them to get it dematerialised. Within a Month's time, the Physical Shares will be dematerialised provided no discrepancy arises. Open a Trading Account with a Broker / Member of the Exchange and start Trading in Shares. This is the safest way and I prefer you to opt this option

2] One more safe option is to sell the shares directly into the Market. Under SEBI's guidelines Exchanges have to give excape route to Small Investors with Physical Shares. The quantity of sale was restricted to 500 Shares per Company that can be sold in physical mode before few Year (At present what's the status of this in not in my knowledge, Sorry). But, the liquidity in Physical Mode is very less and the gap in quotes is often far wider. For this, you need to have an account with a Broker / Member of the Exchange

3] The Most Liquid as well as Most Unsafe Option to sale this shares to a person, who pays you immediately deducting not less than 20% of the current prices on the bourses. I've never came into contact with anyone doing that but there are persons who execute such deals

Still, go for the First Option. Remember to make sure you pick right Depository Participant and a right Broker

[commonman 228]

my father is having some physical shares which he bought 8-9 yrs back . now how can i trade them ?

If the shares involved are only few, then if you already have a demat account, first transfer the shares in physical form in your name and then go for dematerialisation in your own account.

This would save you the cost of opening an additional account.

[I_C_U 10]

Just to add,

If the companies are lesser known, its always good to check if they are traded on the exchanges or not and note their Last traded price before initiating action for demat.

I have come across many people holding physical shares of defunct companies bought during Harshad Mehta era, which are of no use now.

[supernova 47]

thanks guys for help . i think i would transfer shares in physical form in my name first .

can u tell me are there any charges for such action and what is the procedure ?

[copperco2 24]

i will suggest you to dematerialize them first and then go for transfer....

hummmm.. it will be a problem if you for not have a demat account for your father... it will take some time and expenses to do it..

so in this case the line of action that you have taken will be the perfect one..

transfer them first and then go fr transfer..

try this one too-

if the physical shares could be transferred straigntway to your account, it will certainly save you some trouble..