Share transfer in the same name
This query is : Resolved
Manish Melana
(Querist)
17 June 2013
Hi all,
I have 1000 physical shares purchased in my own name in 1989 ie., Manish Rameshwarlal Melana now i want these shares to get demat in my demat account but the problem is my all further accounts are in the name of Manish Melana.
Now i want to remove the middle name from the shares and got it demated in my demat account.
What is the procedure?
How i need to transfer in my own name?
What will be the tax implications in that case.
Please guide me how to proceed further
I have 1000 physical shares purchased in my own name in 1989 ie., Manish Rameshwarlal Melana now i want these shares to get demat in my demat account but the problem is my all further accounts are in the name of Manish Melana.
Now i want to remove the middle name from the shares and got it demated in my demat account.
What is the procedure?
How i need to transfer in my own name?
What will be the tax implications in that case.
Please guide me how to proceed further
CA Kapil Verma
(Expert)
17 June 2013
there is no tax implication on it as you are not selling them.
Contact you share Broker for change the name.
Contact you share Broker for change the name.
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