How to sell shares without demat account

Secondary Mkt 21380 views 22 replies

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

 

Replies (22)

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.

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!

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.

you should follow the demat a/c opening rules than sell in market or transfer it otherwise it is not possible.                                           

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

Hi Mr rk explain which share u have and contact me 9530802670

  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)

Dear r k sinha Ji contact me for your physical to me at 9530802670

If any body have death case physical. Demated share contact me for transmission contact me 9530802670

  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.

 

  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

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

Which shares u have ... And Wats the quantity

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


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