How can my father transfer shares in my name?

Question

My father is holding few shares of a particular company in the physical form. These shares are in his name only. I have a demat account with one of the websites, I would like to know how can he transfer the shares in my name so that I can convert them into the demat form.

Answer 1

I tried to do this once with Ameritrade and they dropped the ball. My sons never got the shares I asked to have transferred, so they got savings accounts instead.

You will likely need the assistance of a broker, since this involves a change in ownership.

You might also have gift tax consequences if the value is over $11,000.

Answer 2

u can transfer the property/share by filling the transfer ceertificate