How to sell shares without demat account



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

 

 
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Chartered Accountant

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.

 
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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!

 
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Finance

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.

 
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CS ARTICLE ASSISTANT

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

 
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munka istentisztelet

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

 
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Mmd legal director

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

 
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Agri and business

  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)

 
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Mmd legal director

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

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

 
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