02 February 2010
Hello, I am aware that if i want to buy and sell shares on a daily, weekly etc basis, I need to maintain an online trading account for the actual transactions of buying/selling, and a demat acct to "hold" the shares.
If however, I only buy shares of say company ABC, today (Feb 2, 2010) and i dont sell them at all, and only retain them, and wish to sell after another 5 years, do i still need a trading account now?
In today's scenario, mostly companies have their shares in electronic form (Demat Form). So in order to have the shares in Demat form u require the Demat Account and normally a trading account is combined with the Demat account.
However, if you want to keep the shares in physical form then I think u have to make a seprate application to the registart of the company for issuing the shares in Physical form and then you are not required to have a trading account for that.
CAclubindia
