i have 100 shares of jindal vijay nagar steel ltd bought in 1995 by my father he died in accident when i was 6yr old i found a receipt in my diary given by my father the main thing is i dont even know about share market so please guide me to find the way to cash this share or convert on my name

Ans: Obtain a Death Certificate: This is the primary document to establish your mother's demise and your legal status as her heir.
Inheritance Proof: You might need to provide documents like a Will or a legal heir certificate to establish your right to inherit the shares.
Locate the Share Certificates: Ensure you have all the physical share certificates in your possession.
Open a Demat Account: It's highly recommended to convert physical shares to electronic form (demat). Choose a reputable depository participant (DP) like Zerodha, ICICI Direct, etc.
Fill Dematerialization Request Form (DRF): This form is available with your DP. You'll need to provide details about the shares, your mother's name, and your details as the new owner.
Submit Required Documents: Attach the share certificates, death certificate, inheritance proof, and other necessary documents to the DRF.
Pay Charges: There might be dematerialization charges applicable.
Submit to DP: Submit the completed DRF and documents to your DP.
Verification and Transfer: The DP will verify the documents and initiate the transfer of shares to your demat account. This process might take some time.


Registering Transfer: In some cases, you might need to directly approach the company's Registrar and Transfer Agent (RTA) to transfer the shares to your name. However, dematerialization is generally preferred.
Tax Implications: Consult a tax advisor to understand any potential tax liabilities related to inheriting the shares.
Share Value: Given the nominal value of the shares, the process might not be cost-effective. Weigh the potential benefits against the costs involved.

Seek Professional Help:

Due to the complexities involved, especially with older share certificates and inheritance matters, consulting with a legal or financial advisor is strongly recommended. They can provide tailored guidance based on your specific circumstances.

By following these steps and seeking expert advice, you can navigate the process of transferring the shares to your name efficiently.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

Ans: contact your broker to convert it to dmat

Ans: convert the same in DMAT, contact your broker