i hold share certificate of a bse listed scrip with my name middle name and surname but all my documents including pan card and demat account is with name and surname. i want to get it demated but though my bankers are accepting the dividend arrant with 3 part of name demat dept is refusing even to accept and process. I guess best way is to physically transfer the shares (seller is name with 3 part ) and buyer is name with 2 part ,by affixing 0.25% stamp duty and sellers pan card copy .any other suggestion.
sorry i mean buyers pan card copy is required as per law not sellers pan card copy.so i have buyers pan card copy .
In case the share holder name on the share certificate is not matching with the Demat A/c (e.g. the holder of the securities may have opened the Demat account in the name of Sushil Ramesh Shah but his name on the certificate may appear as Sushil R. Shah or S. R. Shah, etc.), the dematerialisation request could be accepted by the DP, if the BO’s signature on the DRF matches with specimen signature available on record with the DP.
If the name is not matching with the share certificate and Demat account (e.g. the holder of the securities may have opened the Demat account in the name of Sushil Ramesh Shah but his name on the certificate may appear as Sushil Shah or S Shah or Sushil Ramesh etc.), by giving an affidavit as additional document the dematerialisation request could be accepted by the DP.
Transfer of shares from Sushil KUMAR shah (seller ) to Sushil shah (buyer) is convenient option as i have some share transfer stamps and transfer deed(form SH-4) can be downloaded from net and posted to registrar duly executed. i find ,for affidavit procuring stamp paper and getting notarized after executing is bit cumbersome process .yes ,Appreciated and thanks for guiding me another option too.