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How to Dematerialize Gujarat Container Limited Shares for a 20-Year Investor?

Milind Vadjikar |783 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 23, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Asked by Anonymous - Sep 23, 2024Hindi

Money

I have hard copy of Gujarat container limited .. 500 shares .. can I know how can I demat it .. do I will get bonus and dividend now on this shares ... !

Ans: The process for converting physical shares into demat form is as given below:
1. Open a demat account: Open a demat account with a registered Depository Participant (DP), such as a bank, brokerage firm, or financial institution. You can also do this online through a trading app.

2. Fill out a Dematerialization Request Form (DRF): Get a DRF form from your DP and fill it out with the details of the shares you want to convert.

3. Submit the DRF and share certificates: Submit the DRF and your physical share certificates to your DP. Make sure to write "Surrendered for Dematerialization" on each share certificate.

4. Wait for verification: The DP will verify the documents and share certificates.

5. Receive a Dematerialisation Registration Number (DRN): The DP will generate a DRN and send it to you.

6. Wait for the shares to be credited: The Registrar and Transfer Agent (RTA) will update the Register of Members and credit your demat account with the electronic shares. This process can take up to 30 days.

You should get dividend and bonus share as applicable.

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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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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