How do I convert physical shares into electronic holding?
If you want to convert your physical share certificates into an electronic form, you'll need to use a Dematerialization Request Form (DRF). Here’s a step-by-step guide:
1. Active Demat Account: Ensure you have an active demat account, and it must be in the same name(s) as on the physical share certificate.
2. Filling the DRF:
- Use the sample DRF provided as a reference.
- Complete the required fields, including Folio Number, Certificate Number, and Distinctive Number from the physical share certificate.
- Ensure all holders of the physical certificates sign the DRF. The signatures must match the records with the Registrar of the Company.
3. Points to Note:
- One DRF per Company: Use a separate DRF for each company whose shares you want to dematerialize.
- Certificate Limit: You can submit up to 5 certificates per DRF. If you have more than 5 certificates, use additional forms.
- Signatures: All holders listed on the share certificate must sign the DRF.
- Submission: Submit the original DRF along with the original physical certificates to your depository participant (DP).
Important: The demat account used for dematerialization must be held by all the holders listed on the physical share certificate.
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