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name Transfer for Stocks from Minor to Major

Balamurugan (DM) (24 Points)

09 December 2010

I have physical shares bought in the name of my sons in 1998 and I am the guardian on those. They are still minors. I would like to transfer those shares from their name(minors) to mine (Guardian), so that I can demat those shares. Can you tell me what is the procedure for this and what are the forms I have to fill and where to send it etc..Your help is really appreciated.

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2 Replies

Bijoy N.Momaya (www.RupeeResearch.com (Eqty Advisory & Stock Broker)) (477 Points)
Replied 12 December 2010

Hello,

U can open a demat account on the name of ur children. There are provisions wherein u can authorise urself to trade or transact on behalf of ur son (minor).

Moreover, if u wish to transfer them to ur name then u may have to contact the company & submit the share certificates for transfers after giving them a valid proof that you are the Gaurdian. It may take a long process. So its better to open a Demat account on name of ur children.

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Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited) (21077 Points)
Replied 13 May 2014

A step by step guide to write a will

Those who are lucky to have created assets like residential, financial and precious metals/ stones will always have a desire to bequeath these assets to his/ her loved ones in case of his/ her death. Having assets and dying without a will, giving no clear instructions on to whom the wealth will pass on, may lead to unnecessary litigation.

https://holisticinvestment.in/blog/guide-to-write-a-will/

Regards

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

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