My dad has some Modi naturals physical shares with a joint name of my uncle, But the names printed on the shares are spelt wrongly
I want to convert them into demat form, can someone help with the procedure or any link.
PS: I tried mailing modi naturals but they didn’t respond, my broker is like we don’t know what’s the procedure, you can hire somebody and pay them but I don’t want to do that so any suggestions welcomed
Contact the Company Registrar …with the Folio number…they will give the Detailed Procedure…for name spelling issue…Also…u need to oopen a Joint Demat account ur father and uncle in same order…to get shares dematerialised…
If Registrar or Company dont respond.u can raise complaint on SEBI SCORES Portal…then.they will definitely respond
Based on my personal experience i can say that in case of physical shares query the registrar need a written request duly signed by shareholders, to respond. kindly send a request letter accordingly preferably by courier or registered post .
moreover as per my understanding registrar or company may not help in rectifying spelling mistake on name on the share certificate . once you opened a joint demat account with names as per Pan card , it will be DP who has to guide you the process like Affidavit etc to declare names on share certificate and account are of same persons.
Hi Varun, you should submit a modification request with the RTA, get it rectified, and then proceed with the dematerialization. If the name mismatch is due to a typo, you can provide them with an affidavit. It is best to contact the RTA company and ask for a clear procedure. The contact details can be found on the exchange’s website: Modi Naturals Limited : BSE