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How physical shares of reliance can be transferred?
Introduction:
Samuel is in his fifties. About 25 years ago, he purchased 500 shares in Reliance. As a result, Samuel decided to sell them. Nevertheless, in order to do just that, he had to convert them to Dematerialised form. How physical shares of reliance can be transferred? Let us begin by understanding what Dematerialisation is.
Steps: how physical shares of reliance can be transferred
Proceed by opening a Demat and trading account with such a depository through a depository participant (DP).
Following the establishment of a Demat account, you must send to your DP a filled Dematerialisation Request Form (DRF) along with your paper stock shares.
If you own stock in more than one business, you must file a DRF for each one, together with the relevant share certificates.
Individuals will be assigned a DRN whilst DP processes your application (Dematerialisation Request Number).
The DP then submits your application to the company's Registrar and Stock Transfer Agent (RTA) if you have paper share certificates.
The physical share certificates are transformed into dematerialised form and then destroyed.
Conclusion
Dematerialisation ushered in a new age of electronic share trading. It has contributed significantly to the growth and popularity of stock trading among the general population. While dematerialisation appears to be a time-consuming process, it really requires very little user engagement. The conversion of physical stock certificates to dematerialised stock certificates is projected to take 2 to 3 weeks. We hope this article answers how physical shares of reliance can be transferred in simple words.

To know more visit https://muds.co.in/recovery-of-shares-of...ries-from-iepf/

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