Dematerialization Services, which convert physical shares to demat and aid in the recovery of IEPF claims, allow Rurash to diversify its financial service offerings.

SEBI and market infrastructure organisations like NSE, NSDL, BSE, and CDSL have been pushing for Physical Share Certificates to be dematerialized . Coal India has the lowest number of non-dematerialized shares (5289, which is 0000085 percent) Coal India has the lowest number of non-dematerialized shares (5289, which is 0.000085 percent) Coal India has the lowest number of non-dematerialized

New Delhi, India, June 24 (GPRC): Regulators like SEBI and market infrastructure organisations like NSE, NSDL, BSE, and CDSL have been pushing for Physical Share Certificates to be dematerialized in order to simplify trading and investment related activities like stock trading and transfer.When RTA suggested that physical shares be frozen, there was a bruising rush in our investors and clients' inquiries about the Physical to Demat Conversion.According to Ranjit Jha, CEO and MD of Rurash Financials, we need to act now to make it simple and transparent for our clients.While we started working on this vertical a few months back, it was the client's insight that sparked the desire to simplify physical to demat conversions.We began seeing cases where share consultants and even some of the biggest brokerage firms were trying to capture the investors with physical share certificates in order to sell Demat accounts and get portfolios.

We need to keep in mind that it also requires preparation and process transparency.We as financial services providers must acknowledge that the target audience for this program who had assumed to have a share ownership only through those physical share certificates.They are not the usual robo-investors of the future, which is why the service requires a different approach.You also need to inform the physical owner of physical shares about the benefits of conversion to demat format.

At a time when conflicts over beneficial ownership of businesses are getting stronger, it is necessary to understand how a re-lodged transfer request will be handled by intimating the transferee through a letter.The same is sent via expedited mail or email with all the necessary information to assist investors in making the corrective actions.A company like ITC has 375 crore physical shares, or almost 30% of its total equity shares, according to statistics.Others are doing better, like Bajaj Auto l has 6.18 percent physical value, Tata Steel has 1.9 percent, and HUL has 1.7 percent.

Another far away competitor is Power Grid, which has 41,973 shares, or 0.000802 percent.Team Rurash discussed the reasons why people still have physical shares, and some of them were: 1.Having more physical shares means spending more money.The physical possessions are considered a inheritance by the families, where the certificates are forefathered.They want it to be treasured.

Since the tedious steps of physical to demat conversion, a lot of investors who have changed their names could not do it.3.Many of the investors have moved overseas and became NRIs.Several cases were stifled by joint owners, ownership, and the shifting trading preferences.5.For IPO subscription, the experienced investors had had solutions devised.

When one entity ceases to exist, shares are possessed by Joint holders, with no nomination or filing necessary to claim the shares.We accept that it is a slow process, but now is the time to begin monetizing your physical share certificates for good.Keep in mind that this will also protect you from losing money because demat-type stocks can be traded anywhere.Dematerialization can sometimes come across as a risky proposition, as does any other situation.However, we strongly encourage you to consult with Physical Share Consultants like Rurash and take steps on your legacy or inherited shares.You can visit the website or dial: +91- 9321263677 or +91-9321263672.