How can i gift a Stock to some one who does not have Demat account,Procedures?
All stock transfers today has to happen from one demat to the other. Whoever you intend to gift has to open a demat account first. Once the account is opened and you know the DP ID, you have to mention this on the DIS Slip you would have gotten on opening an account, mention the DP ID and submit it with your broker. It is almost exactly similar to how you write a cheque to someone to transfer/gift money.
@nithin What if the receiver is a minor? I want to gift some stocks on my beloved one’s birthday.
You can open a demat account for a minor, but not a trading account. So the minor can sit on the gifted stock, but not trade them.