Is it possible to dematerialize physical shares held jointly?

Is it possible to dematerialize physical shares held jointly?

  • Yes, jointly held physical shares can be dematerialized into a joint demat account under the names of the joint shareholders.
  • To dematerialize jointly held shares, the names on the joint demat account must be in the same sequence as on the share certificates.
  • If the order of names of the joint shareholders on the share certificate is not the same as those on the joint demat account, you will need to submit a transposition form and the necessary documents for dematerialization.
  • For information on how to open a joint demat account, please refer to the guide "How to open a joint demat account at Jainam."

Related facts:

  •  Jointly held physical shares cannot be dematerialized into a single holder demat account.