20 years old paper share


#1

My relative brought reliance and few other share 20 years back which was in paper. Last week i discovered in there drawer which they asked me how it can be used now. Like I can see couple of shares of Reliance, Chini Mill, etc etc. So what is the process of making them available in zerodha platform.


#2

https://www.quora.com/How-do-I-convert-a-physical-share-certificate-into-Demat-form-as-the-share-was-purchased-before-1989


#3

You will have to send us a dematerialization request form and the share certificates. Check this post which explains the process.


#4

The certificate is in my relative name, but as he is too old and not interested in stock. Can he gift me and I can add in my account?


#5

He will have to open a DEMAT account get them dematerialize first, then he can gift it to you.


#6

Only two options available:
1.The person who holds the physical share certificate should have a demat account to get the shares dematerialized.

2.You can contact the company Registrars and get the shares transferred in your name and then you can dematerialize the shares.


#7

Easier to demat in his name & gift u

Else u will have to do paperwork individually for all companies for transferring to your name

Don’t forget to claim dividends before transferring to ur name

After transferring to ur name, u can’t claim unpaid dividends, since the stock was in ur relative name when the unpaid dividends was issued.