Share certificates

Querist : Anonymous (Querist) 08 October 2011 This query is : Resolved
My dad had a few physical shares on his name. The specimen signature registered with the company records was a different one and due to health conditions he had a stroke 2 years back due to which he cannot sign at present. Now we are intending to get the shares dematerialized and for that request needs to be submitted to the company. Can you just advise the procedure for processing the same request.

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Arun Kumar Bhagat (Expert) 08 October 2011
Your father has to swear an affidavit before the Magistrate declaring his present signature as true and the previous signature becoming impractical due to stroke. Thereafter you send the attested copy of the same to the concerned company for changing the specimen. This is the legal way.

Raj Kumar Makkad (Expert) 08 October 2011
You can also get attestation of signatures from Notary Public and this is also valid.

Sailesh Kumar Shah (Expert) 08 October 2011
Do any of one, as advised.

prabhakar singh (Expert) 09 October 2011
In addition a third alternative is getting his present signature verified by the bank manager of bank where he has presently the a/c.But it has to be done on a share transferred form sealed by company registrar.

yet doing all this can not demat.them as for that he needs to open a demat a/c through a broker who is participatory of depository;there might be counters of brokers in your city who facilitate opening these a/c. They will get every thing done for you.

malipeddi jaggarao (Expert) 10 October 2011
First step is, approach a broker for opening D-mat account. He will assist you how to overcome the difficulty in change of specimen signature. He will obtain and supply you the form suggested by Expert Mr.Prabhakar singh. If required he will assist you in preparing the affidavits. You are required to handover the physical share certificates for opening the D-mat account.

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