2006-11-11 23:30:50 · 4 answers · asked by kinnari m 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
i mean can we simply transfer the sahres from his demat a/c to our demat a/c,and settle the dues.
2006-11-11 23:32:39 · update #1
when both of you have d mat accounts it is possible.when you open d mat accounts you are normally given withdrawal book also.your relative will have been given withdrawal dook also when he opened d mat account it has to be filled in triplicate . get original and duplicate filled in and duly signed by him. there will be spacwe for filling up your d mat account along with details of shares like no of shares , name of company etc.,before getting the withdrawal forms filled and signed in your favour it will be better to know whether he has the balance of rewquired number of shares in his d mat account .then that form can be submitted to his depositary account holding organisation during working hours . they will transfer the shares to your account immediately, then you can verify your d mat account to know that the shares are transferred to account properly
2006-11-12 00:26:51 · answer #1 · answered by surendiran 1 · 0⤊ 0⤋
Yes u can, but amount of dues will depend on the market value of the share when transferring. It may flactuate. Its all depend on your settlement terms
2006-11-12 07:38:09 · answer #2 · answered by SWAPAN 2 · 1⤊ 0⤋
yes u can. There are DP books which the other party has to filled up and give it to you...an OFFLINE transaction is done from other party to your DP account ...how to fill the dp book better check with some broker
2006-11-12 10:14:13 · answer #3 · answered by Hitu 1 · 0⤊ 0⤋
Yes you can do. but just check whether those shares are not pledged and they are traded on the exchange.
2006-11-12 07:48:22 · answer #4 · answered by bhupesh 2 · 0⤊ 0⤋