Equityforte.com is a customised service provider in the area of unclaimed investments. One stop shop for all your needs such as dematerialisation of shares, unclaimed dividends, selling delisted shares, existing portfolio review and investment advisory.
No, we are not. Equityforte.com is not a stock-broking firm and do not trade (buying and selling of shares) in the capital markets. However, we assist in helping the client to sell their unlisted shares through reputed brokers in the markets.
We do not charge any advance except a nominal commitment fees which is also refundable in case the job is not accomplished.
Your visit or physical presence is not required. Equityforte.com team will coordinate with you or your representative as and when required by email.
Transfer of shares is an act of transfer of title from one person (transferor) to another (transferee). Transmission of shares means the passing of title from a shareholder to his legal heir due to death, succession, bankruptcy, marriage. While transfer of shares is a voluntary act, transmission of shares is an operation of law.
Unclaimed dividend is the declared dividend which is not encashed or claimed by a shareholder. The Companies Act, 1956 mandates that dividends not paid or claimed in 30 days are transferred to a separate bank account. Investors can claim the amount from this account anytime in the next 7 years. Subsequently, the amount goes to the Investor Education and Protection Fund, managed by the Ministry of Corporate Affairs.
‘Bonus share’ is a benefit given to existing shareholders by a company in the form of additional shares. We term bonus shares unclaimed when a shareholder does not receive the benefits due to various reasons such as non-delivery, non-transfer of shares. The company transfers unclaimed bonus shares into suspense account if it is not claimed by the rightful holder.
Delisted and unlisted shares related
At equityforte.com we buy delisted, unlisted, rarely traded and Regional Stock Exchange shares in physical & demat form.
Securities which are not listed or traded on any stock exchanges across India and which are delisted from the exchanges.
Any individual, institution, etc. can purchase and sell securities held in their own name.
Yes we accept in both physical and demat format.
They get unlisted shares at reasonable prices than already listed shares. Also, there is a potential growth seen in these shares.
Time horizon can vary anywhere from 1 to 5 years.
Faq for Dematerialisation
You can dematerialise only those certificates that are already registered in your name and are in the list of securities admitted for dematerialisation at NSDL. All the scrips included in S&P, CNX, NIFTY and BSE SENSEX have already joined NSDL. This list has more than 4,300 companies and is steadily growing.
A Depository (NSDL & CDSL) is an organisation like a Central Bank where the securities of a shareholder are held in the electronic form at the request of the shareholder through the medium of a Depository Participant.
Before defacing the share certificate, you must ensure that it is available for dematerialisation. You must therefore check with your Depository Participant (DP) whether the ISIN (code number for the security in a depository system) has been activated and made available for dematerialisation by the depository. If yes, then you may deface the share certificate. The certificates are defaced by marking “Surrendered for Dematerialisation” on the face of the certificate.
Dematerialisation will normally take about 20-30 days.
According to the Depositories Act, 1996, an investor has the option to hold securities either in physical or electronic form. Part of holding can be in physical form and part in demat form. However, SEBI has notified that settlement of market trades in listed securities should take place only in the demat mode.
All types of equity/debt instruments irrespective of whether these instruments are listed / unlisted / privately placed can be dematerialized with CDSL, if they have been admitted with CDSL.
After dematerialization, physical certificates may be retained / destroyed by the Issuer / RTA.
Contact your DP to look in the delay.
Yes. The ISIN of the security should be mentioned in the DRF, to ensure that the correct security is dematerialized. If, however, the investor does not know the ISIN, the same can be obtained from the DP.
No. There is no need to fill in a transfer deed.
Yes. In demat mode securities in odd lots can be dematerialized.
CDSL does not levy any charge for dematerialization of securities. However, DPs may collect dematerialization charges together with postage / courier charges.