Dematerialization of Physical Shares
At IFFAS, we specialize in assisting shareholders with the conversion of physical shares to demat format, addressing common problems that investors often encounter:
Dormant demat account: Shareholders may find their demat accounts becoming dormant due to prolonged inactivity. This commonly occurs with passive investors who adopt a “buy and forget” approach or when an investor opens a new demat account without transferring shares from an old account. We help investors overcome trading, transfer, and transmission issues associated with dormant demat accounts.
Loss of demat details: Shareholders may experience a loss of their demat details, leading to a complete breakdown in communication with the company and depository participant. Our expertise enables us to assist investors in retrieving their lost demat details, ensuring seamless communication and access to their shares.
Lack of updated information: When investors change their address but fail to update the details with the depository participant or the company, a mismatch arises with the shareholder’s database. As a result, investors may miss out on benefits such as dividends, bonuses, split shares, rights issues, and more. We help investors rectify these information gaps, ensuring they receive their entitled benefits.
We can assist shareholders with the conversion of physical shares to demat (electronic) format in several ways:
- Converting physical shares to demat format typically requires various documents to be submitted to the depository participant (DP) or registrar and transfer (R&T) agent. We can assist shareholders in preparing and organizing the necessary documentation, ensuring that everything is in order for a smooth conversion process.
- We can liaise with the relevant authorities, such as the DP or R&T agent, on behalf of shareholders. Our experts can facilitate communication, follow up on the progress of the conversion process, and address any issues or concerns that may arise.
- Sometimes, shareholders may encounter challenges or complications during the conversion process, such as discrepancies in the share certificates or delays in processing. We can help resolve such problems by working closely with the authorities and advocating for the shareholders’ interests.
- Throughout the conversion process, we can provide shareholders with regular updates and timely communication regarding the status of their conversion request. This helps shareholders stay informed and reassured about the progress being made.
- We have expertise and experience in handling share-related transactions and procedures and can leverage the knowledge to navigate any complexities or uncertainties that may arise during the conversion process, ensuring a smoother and more efficient experience for shareholders.
By addressing the challenges, we empower shareholders to navigate the complexities of demat conversion and ensure a smooth and efficient process. Trust IFFAS to handle your demat-related needs and unlock the full potential of your shares.
