Shares

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Kapil Garg (Querist)
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17 August 2016 If I had physical shares purchased 10 year ago. & company had listed them after some time of issue, but I have not opened demat ac till now , how i can start tarding

Pratik Shah

Pratik Shah (Expert)
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17 August 2016 You have to first convert shares into demat. then only you will be able to trade in it. As far as I know, trading of physical share certificates of Listed Company is not allowed.

Kapil Garg

Kapil Garg (Querist)
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17 August 2016 I hold these physical shares which is jointly owned, & can it be sold witthout consent of 2nd holder

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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25 July 2025 No, you cannot sell jointly held physical shares without the consent of the second holder.

Here’s why and what you need to do:

🔐 Legal Position
In the case of jointly held shares, both holders are considered co-owners, and both signatures are required for:

Dematerialisation (conversion to demat form)

Transfer or sale of shares

So even if you are the first holder, you cannot unilaterally sell the shares without the explicit written consent (and signature) of the second holder.

✅ Steps to Trade Your Physical Shares
Open a Joint Demat Account

The demat account must be in exactly the same names and order as on the physical share certificate.

For example, if the certificate says "Mr. A and Mrs. B", your demat account must be opened in the same order.

Submit Dematerialisation Request

Fill a Demat Request Form (DRF) with your Depository Participant (DP).

Submit the original share certificates and KYC documents of both holders.

Both holders must sign the DRF.

Wait for Confirmation

The DP will send your documents to the company’s registrar.

Once verified, the shares will be credited to your demat account.

Now You Can Trade

After shares are in demat, you can sell them through your broker on stock exchanges.

❓ What If Second Holder Is Not Available?
If the second holder is:

Alive but not cooperating: You cannot proceed without their signature.

Deceased: You will need to go through the transmission process by submitting:

Death certificate

Affidavit / Indemnity Bond

Legal heir documents / succession certificate

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