In a Public company, shares in joint name (husband & Wife), in which husband expired.
Wife gives shares for transmission to her name. Is it mandatory to open a Demat account and then transmit?
Please guide me
1 Replies
Mahesh Shah
(2335 Points)
Replied 20 July 2021
Opening of D mat account is not mandatory if shares are held in physical form. u can apply to company's share transfer agents to transmit physical held shares
however if shares are in D mat account then it becomes necessary to open d mat account instead of converting d mat shares into physical form and then transmitting it
however if shares are in D mat account then it becomes necessary to open d mat account instead of converting d mat shares into physical form and then transmitting it
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