obtaining duplicate share certificate
Obtaining Duplicate Share Certificate
Dematerialization, or Demat of Physical Share Certificate, is the process of converting physical share certificates into electronic form. This means that the shares are no longer held in paper form, but rather as digital records. Demat is required by the Securities and Exchange Board of India (SEBI) for all share trading through recognized stock exchanges. This is because demat makes it easier to trade shares, as it eliminates the need to physically transport share certificates. It also makes it more secure, as shares are held in a digital vault that is protected by multiple layers of security.
What is The Process
Ensure that the IEPF 5 Filling form is free of errors, as any mistakes cannot be corrected after submission. Additionally, only one form can be filed for one company using one Aadhaar Number. Prepare all necessary documents according to the situation and review them before submitting them.
The IEPF Form 5 is submitted on the Ministry of Corporate Affairs portal. It is then sent, along with accompanying documents, to the relevant company and authority for validation and further processing.
Once submitted, the company and IEPF Authority will review the documents. They will notify us if there are any discrepancies. If no issues are found, the process continues. The Transmission of Shares to the respective demat account and any unclaimed dividends are deposited into the investor’s bank account.
