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GV SUBBA RAMAIAH (freelancer)     06 October 2015

Transfer of shares held in physical form

Dear sir

Advise me if Shares held in physical form in my mothers name can be sold /transferred / assigned /alienated  by a Non -registered General Power of Attorney (Notarised) ?

Thanks in advance.



Learning

 1 Replies

RAVI K GOUD (ADVOCATE)     08 October 2015

Dear Sir, To enable the transfer of shares, it can be done by 2 ways. 1) Physical Transfer: Your mother can sign on the transfer form to transfer the shares hold, on your name and the same has to be send to Company to effect the transfer along with the Share certificates of her. You will get back the share certificates after endorsement by the company to your name. 2) Demant Transfer: If your mother having the Demat A/c ( in the absence, she has to open a Demat A/c), she can transfer the shares to your Demat A/c by giving a Delivery Instruction Slip/ Form(NSDL or CDSL) to the Depository Participant. To have effect of this transfer both you and your mother shall hold the Demat A/cs, otherwise have to open. After compliance of the same, within 1-3 days time shares will be transferred to your name. Depending on your need you can sell the transferred shares once they come to your Demat a/c. For any further queries call on 9246101414, 9849101414. RAVI K GOUD, ADVOCATE

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