josh (IT) 21 January 2019
How much time it takes to transfer physical equity shares from two joint holders to single holder ( removing name of the joint holder) ?? and from physical shares to demat ?? If the physical shares are not converted to demat before 1-April-2019 deadline , what will happen to those physical shares ? Will it become void ? or it can still be converted to demat even after the deadline ? Please suggest.
Thanks & Regards
Shrikant (Associate) 08 May 2019
Generally it takes 20 to 30 days to convert physical shares into demat form. Physical shares will be valid after 01.04.2019 only they cannot be transferred or sold to someone except transmission or transposition. You can convert those physical shares into demat anytime after 01.04.2019.