Is it possible to dematerialize physical shares held jointly?

Is it possible to dematerialize physical shares held jointly?

  1. Yes, jointly held physical shares can be dematerialized into a joint demat account under the names of the joint shareholders.
  2. To dematerialize jointly held shares, the names on the joint demat account must be in the same sequence as on the share certificates.
  3. 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.
  4. 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.