2006-12-05 17:26:10 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
Yes of course they do. Such shares are called "physical shares", meaning you have a certificate number for each "paper" and a folio number that applies to you. Each certificate can contain any number of shares, usually the distinctive numbers of the shares are printed on the certificate .(From - to)
If your company is actively traded on the stock exchanges (check out www.bseindia.com and www.nseindia.com) you may need to dematerialise the shares. Physical share certificates are "material" - meaning you can touch and feel them - but nowadays trading is done electronically. So, you need to "dematerialise" your shares into an electronic format, and store them with a "depository participant" - DP.
There are many DPs, including those owned by banks like HDFC bank and ICICI Bank. You can also contact Stock Holding Corporation of India LImited to open an account.
Once you open the account, you can hand over your Physical shares to the DP, who will make you fill up a request for demat. This will be sent to the company (by the DP), who will effect the transfer. Then the DP will send you a statement that you have X shares of Y company in your account. You can then choose to sell them by using a broker - there are many brokerages in the country that do this, like Sharekhan (www.sharekhan.com).
When you sell the shares, you must give your broker a signed DP transfer - meaning that you authorise the transfer of shares from your DP account to the account of someone who is buying. The broker will give you a contract note saying the shares are transferred at N rate, on this day. The money will come to you after two-three days from the broker.
2006-12-05 23:29:34 · answer #1 · answered by Deepak Shenoy 2 · 1⤊ 1⤋
Unless you're the registered holder of the stock, or related to the holder of the stock, the only value the stock would have for you is the value of the certificate itself. You can do nothing with it as far as converting it, or selling it. You can try to contact the company, or have you brokerage firm look into for you, But since the stock is not in your name you can not deposit it into a brokerage account. In the brokerage firms transfer and/or Re-Org departments they have information on obsolete securities You can always go to Michael's or Target and buy a nice picture frame.
2016-05-22 23:19:53 · answer #2 · answered by ? 4 · 0⤊ 0⤋
YES YOUR OLD STOCK CERTIFICATE HAS VALUE. IF YOU DO NOT WANT SELL THE SHARES IN NEAR FUTURE YOU CAN KEEP THE SAME AND THERE IS NO NEED TO PAY MONEY TO DP / NSDL
2006-12-06 03:04:21 · answer #3 · answered by udayashanker k 3 · 0⤊ 0⤋
paper based shares are not valued any longer, you need to get it dematerialized to convert them to electronic shares which you will put into a Demat account.
You should consult your investment adviser on how to do the same.
2006-12-05 17:35:10 · answer #4 · answered by Sudhir R 2 · 0⤊ 0⤋
Easiest way to get a clue is to Google the company name. Also, you can take it to a broker and ask.
2006-12-05 17:30:48 · answer #5 · answered by Anonymous · 1⤊ 0⤋
If the stock you are holding is getting quoted daily please arrange for Demat and without this you can not sell them. Shares in Paper form is no more traded in Stock exchanges. If not quoted please wait and do it when getting quoted. -
2006-12-05 20:15:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
ya it has value , but u want to convert your account into d-mat that is de materialised so that you can proceed further, still it has value..
2006-12-06 01:58:12 · answer #7 · answered by JR 1 · 0⤊ 0⤋
check all of them
on icicidirect.com research co. data
u will get exact status
2006-12-06 16:07:22 · answer #8 · answered by dinu_pawar 5 · 0⤊ 0⤋