Non tradeable Shares

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Quick Summary

If you have shares in your demat account that are no longer traded on the stock exchange, you might be able to sell them back to the company promoters through private negotiation. If the company no longer exists, you may need to contact the registrar or the stock exchange for guidance on removing these shares to close your account.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)

09 December 2023
Sir,

I have some shares in Demat account which are no longer traded on stock exchange!

How can I remove such shares from my demat account?

Kindly advise.

Thanks & Regards

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

15 January 2024 If the company has been delisted for over a year, the shareholder can approach the company and enter into a private negotiation to sell the shares back to the promoters. This will be an off-market transaction and the price will be determined between the buyer and seller,"

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)

15 January 2024 Thank You! However the company in this case possibly does not exist. Just need to remove the share to close delay account.

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