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Can I dematerialise jointly held physical shares?

As per SEBI (WEB), if clients have not updated their KYC with their respective Registrar and Transfer Agents (RTA), their folios will be frozen from 1st April 2023, and they will not be able to dematerialise their physical shares. Clients are requested to contact their RTAs if their KYC is not updated. To learn more about RTAs, see What are Registrar and Transfer agents (RTA)?

Yes, jointly held physical shares can be dematerialised to a joint account which is the name of the joint shareholders. See How do I convert physical share certificates into demat form?

To dematerialise 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 the order of names on the joint demat account, you will have to submit the transposition form and the necessary documents for de-materialisation. See What is the procedure for transposition and de-materialisation of jointly held shares?

Did you know? Jointly held physical shares cannot be dematerialised into a single holder demat account.