This discussion addresses the difficulty in transferring old BEML shares held in physical form under an FII's name. The transfer requests have been rejected twice due to the lack of details regarding the authorised signatory on behalf of the seller. The advice given is to contact the agent from whom the shares were originally purchased to complete the necessary formalities for the transfer.
16 July 2025
I have lodged shares of BEML for transfer in physical mode twice but they have returned original without transferring saying "give the details of authorized signatory" on behalf of seller. But how could i provide because shares are in the name of FII.