I have physical shares of two companies that I bought long back. I can not open a demat account now becuase I am NRI. How can I sell these shares? Any help is much appreciated.
thanks
RK
RK Sinha (designation) (24 Points)
07 December 2011I have physical shares of two companies that I bought long back. I can not open a demat account now becuase I am NRI. How can I sell these shares? Any help is much appreciated.
thanks
RK
Rahul Gupta
(Chartered Accountant)
(644 Points)
Replied 12 December 2011
Any Shares traded in Indian Stock Exchanges can't be sold off without Demat A/c. As a NRi i think you can open a demat account. Otherwise else i have also tried too many times to sale shares without demat but failed.
Aliasgar Poonawala
(CA)
(180 Points)
Replied 15 January 2012
You can do it, but there is a catch. Today for all listed companies, you NEED a demat account to sell shares. But there are certain brokers who help you sell it without a demat. They will make you sign certain papers by which they will get the shares transferred in their name, and then dematerialize and sell them in the secondary market. They will give you cash instantly, without you being required to wait for them to convert and sell the shares.
However, the catch is that they will pay you a very less amount. Suppose the shares of your company are traded at Rs.100, then those brokers will pay you at the rate of Rs.60-70 range, depending on the broker and the liquidity of the scrip. So its better that you open a demat account, sell the shares and then close your demat account again!
Harsh
(Finance)
(55 Points)
Replied 16 January 2012
Normally it is not possible to sell the shares without demat account. Because this account type has been purposely created to buy or sell shares.
Anita Sethia
( CS )
(150 Points)
Replied 26 September 2012
you should follow the demat a/c opening rules than sell in market or transfer it otherwise it is not possible.
RAMESH CHANDRA SHARMA
(munka istentisztelet)
(899 Points)
Replied 27 September 2012
ITS POSSIBLE ......BUT ITS VERY HARD TO FIND THE BUYER....
HOW IT WORKS .......
YOU NEED A BUYER......
AND A TRANSFER DEED.....
NOW U HAVE TO TRANSFER UR SHARES IN HIS NAME...THROUGH THAT TRANSFER DEED.....
AND SEND THE CERTIFICATE AND TRANSFER DEED TO COMPANY REGISTRAR.....
AND TAKE IT IN ACCOUNT THAT THE BUYER SHOULD HAVE A DEMATE A/C...
AND ONCE THE SHARES ARE DEMATED IN THE BUYERS A/C ....ASK HIM TO SELL THE SHARES
BUT ONE THING IS IMPORTANT THAT THE BUYER SHOULD BE RELIABLE THAT AFTER SELLING SHARES HE WILL GIVE BACK U UR MONEY.....BECAUSE ONCE THE SHARES ARE TRANSFERRED IN HIS DEMATE A/C...U CANT DO ANYTHING....
SO IT WILL BE BETTER TO FIND UR REATIVE WHO LIVE IN INDIA AND WHO HAS A DEMATE A/C
IF STILL U DID NOT GET MY POINT
ASK ME IN MY MAIL.......
dictiya2 @ gmail.com
Jagjeet singh
(Mmd legal director )
(48 Points)
Replied 24 February 2016
Hi Mr rk explain which share u have and contact me 9530802670
S S Dahale
( Agri and business)
(439 Points)
Replied 03 May 2016
No , one can sell shares in physical form , ( last chance given by both BSE / NSE- qty limit is only 500 per scrip /per name).It is legal to sale them in physical form ( i did it recently in 2015), buyer , compulsory ,should have a demat account, as he is not allowed to RESALE it in physical form, he has, mandatorily to dematerelise it.
said buyer offers you discounted price , of last thursady of previous month , ( around 35%) so you get Rs.65 and pays you that money in ADVANCE -full and final, in form of paye order-bankers cheque . before that he verifyis you as a genuine person , with bank accaounts statement , several documents ( No death , NO FIR , No loan etc)
Jagjeet singh
(Mmd legal director )
(48 Points)
Replied 18 May 2016
Jagjeet singh
(Mmd legal director )
(48 Points)
Replied 18 May 2016
If any body have death case physical. Demated share contact me for transmission contact me 9530802670
S S Dahale
( Agri and business)
(439 Points)
Replied 07 November 2016
Shares ( in physical forms- certificates) upto 500 Nos. can be SOLD without having a DEMAT account,; there are certain procedures to be adopted for the same;also are PEOPLE indulged in the such ventures , who BUY the same at DISCOUNTS( to the current market price ) , the BUYER in that case , has to COMPULSORILY DEMAT the same.
S S Dahale
( Agri and business)
(439 Points)
Replied 20 November 2016
Selling of shares held by one person in physical format (though most of them available online in demat format) is NOT termed as DABBA TRADING, Dabba trading is sale of shares prior to its listing at SE
Ujjwal Beriwal
(35 Points)
Replied 26 February 2017
Anyone having physical shares problems mentioned below:-
• Unclaimed dividends
• Lost certificate cases
• Share transfer
• Share transmission
• Person living abroad
• Dematerialisation of shares
• Undelivered share certificates
• Issue of duplicate Certificates
• Follow up as per the need
• If u know that you have investments,I need only the person ,nothing else.
• Torn physical shares
• Post amalgamation,split issue
• Bonus declared,certificate not got
• Duplicate cum transmission cases
• Duplicate cum demat
• Name change
• Post marriage ,name change problems
• Sign change
• Matters related to unlisted company
• Nomination facility in physical shares
• Physical shares held in some other name (you have the physical certificates)
• Company’s name change
Contact:-
8470002653
Mail:- ujjwalberiwal11 @ gmail.com
Ujjwal
Physical shares and Demat services
Ujjwal Beriwal
(35 Points)
Replied 23 April 2017
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
