The Demat accounts & the paper less share trading was not always the trend. Strange but yes its true, not that far behind rather till the previous generation, shares/ debentures were bought & sold in physical form. However, “any investor who is desirous of transferring shares (which are held in physical form) after April 1, 2019 can do so only after the shares are dematerialised,”
Obviously, it was difficult to stack copies of various share certificates & keep them safely for years. There was always a threat of share certificates being:
- Get Torn/ damaged
- Family being unaware of their existence in case of original shareholder’s demise
Sanguine Capital brings to you the complete solution of any issues with the physical documents of share or debentures. Our experts assist clients in resolving doubts/ queries related to share transfer, claims by nominee, name deletion/ modification etc. We have experts to help you recover the unclaimed amount from lost or damaged share certificates as well.
The services we offer are:
- Dematerialization of physical shares
- Share transferred to IEPF
- Misplaced share Certificates
- Signature mismatch issues
- Transfer & transmission case
1.Dematerialization of physical shares:
As per SEBI regularizations shares can be transferred or sold only in demat form. This doesnot mean that the old share certificates have become redundant. You can keep the physical share certificates only till the time you don’t want to sell or transfer them to someone else. To sell or transfer the shares you would first need to dematerialize them & then initiate the required transaction. At Sanguine Capital we offer complete solution to our clients for dematerialization of physical share certificates & their sale or transfer.
2.Shares transferred to IEPF:
As per Section124(6) of Act, 2013 all shares in respect of which dividend remains unpaid or unclaimed for 7 consecutive years have to be transferred to Investor Education and Protection Fund (IEPF). The process to get shares retrieved from IEPF suspense account is a tedious one. You will get full support from experts of Sanguine Capital in this process.
3.Misplaced share Certificates:
Physical documents are always prone to be lost or misplaced. But, when it comes to your investment documents like share certificates, it becomes very tedious to prove your ownership. Thus, this poses a high risk of losing your hard-earned money. Sanguine Capital experts help you in recovering such duplicate share certificates from the Company in a hassle-free manner.
4.Signature mismatch issues:
Many of our clients use multiple signatures for security reasons & at times they forget which signature was used wile purchasing a particular stock. Such & many more reasons lead to mismatch of your signatures. Sanguine Capital is here to help you in process of updation of new signature in Company’s record to avoid hassles & delays.
There might be multiple reasons for change of name of a shareholder like, marriage, astrological belief, Divorce etc. In any such circumstance it is important to get the name changed on all important KYC related documents & investment/ Financial documents. For stocks in physical form name change might get complicated but Sanguine Capital is always by your side to help.
- 6. Transfer or transmission case:
Transfer of shares refers to a willful or voluntary transfer of shares held by one party to another. Whereas, transmission of shares means change of title to shares by act of law for example, insolvency, death or lunacy of the owner etc.
Sanguine Capital provides the following services in this regard:
- Our experts help you in name deletion procedure in case of jointly held securities
- Following different procedure with different Corporates & Follow-up with each one of them is a tedious task. We take that responsibility off your shoulders
- Paper work completion for quick transmission/ transfer of securities
For any assistance write to us @ 9582935658, 9540142638