Demat query

Hai,

 

Kindly clarrify me regarding the following query: My father is having some shares on a company in physical form at his individual status/capacity. Basically he is a KARTA for HUF.

 

Recently he attempted to demat the above holding (lying at his individual capacity) in a demat account held at HUF capacity. The RTA of that company rejected the request by assigning the reason - the difference in capacitiy.

Kindly sugggest me what he is supposed to do to demat all those shares?

Thanks in advance.

 

Regards,

N. Chidambaram

 

Replies (3)

As per my view, open demat account in Individual capacity & then demat it

or

transfer share physically to Huf & then demat it..

Dear Chidambaram

Please find below the procedure dematerialisation of shares :

1. Open a demat account with any DP, in the name in which shares have been allotted by the company.

2. Obtain the Account No. from your DP.

3. obtain the Demat Request Form (DRF) FROM YOUR dp.

4. DRF along with share certificate has to be submitted with your DP.

5. DP will allot acknowledgement for that.

6. your share shall be credited in your demat account wihtin one mnth inter alia you may remind you DP for follow up.

 

hope it would work in your case. 

Thanks a lot Mr. Paresh and Aditya Agrawal for your kind response for my query. - N. Chidambaram.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details