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Lost Reliance Shares: Can I Get Them Dematerialized?

Samraat Jadhav |2220 Answers |Ask -Follow

Stock Market Expert - Answered on Oct 15, 2024

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more

Question by S on Oct 14, 2024Hindi

Money

Hi, My father had 100 reliance shares. He lost the physical certificates and only has the folio number. Is it possible to get it dematerialized? What are steps needed ? Do we need to file an FIR or some newspaper publication ? Thanks, S

Ans: first contact the registrar which is Kfintech with the folio number and ask them for the process of duplicate share certificates, once you receive the same dmat it with the help of your broker.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Asked by Anonymous - Jan 23, 2025Hindi

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I have 50 shares of Reliance Industries in physical form. What is the process to demat them?

Ans: The process of converting physical shares to Demat (Dematerialized) form involves several steps. Here's a simplified guide:

Open a Demat Account: You need to open a Demat account with a Depository Participant (DP). A DP is an agent of the depository and provides the interface between you and the depository.

Fill Out the Dematerialization Request Form (DRF): Obtain the DRF from your DP and fill it out with the necessary details of your physical shares.

Attach Required Documents: Attach the physical share certificates along with the DRF. You may also need to provide identity proof and address proof.

Submit the DRF and Certificates: Submit the DRF and physical share certificates to your DP.

Verification by DP: The DP will verify the documents and forward the request to the depository (NSDL or CDSL).

Issuer/R&T Agent Verification: The depository will inform the Issuer or Registrar & Transfer Agent (R&T Agent) about the dematerialization request. The Issuer/R&T Agent will verify the certificates.

Credit to Demat Account: Once verified, the depository will credit the electronic shares to your Demat account.

Confirmation: You will receive a confirmation from your DP about the successful dematerialization of your shares.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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