Help needed with old Stock Documents

[internet_fanbboy]

I have come across some very old Stock Documents which were hidden away in my grandfather's stash. Now he has given them to me to check if these documents are any good.

Unfortunately i am a novice in these matters and do not know what to do with these. I would really appreciate if some one can help me identify if there is any value to these and how can i redeem these. [Pic of a SBI document attached below]

 

[poortrader]

I have come across some very old Stock Documents which were hidden away in my grandfather's stash. Now he has given them to me to check if these documents are any good.

Unfortunately i am a novice in these matters and do not know what to do with these. I would really appreciate if some one can help me identify if there is any value to these and how can i redeem these. [Pic of a SBI document attached below]

search for share transfer agent/ registrar of SBI in internet/company profile in SBI site and visit them, else send them details via post with photocopy.
i got this info about the registrar from moneycontrol
Datamatics Financial Services Ltd. Plot No. B-5,
MIDC, Part B Cross Lane,
Andheri (E) Mumbai - 400093
Maharashtra

Tel: 022-66712151 - 160
Fax: 022-66712230
Email: [email protected]
Website: http://www.dfssl.com

do crosscheck it by calling them

 

[poortrader]

Depending on the number of shares you will also get any bonus/split that have been announced during the holding period. It is a goldmine you are sitting on..so enquire about all corporate benefits from registrar, then you have to convert them to demat. so the person holding the shares have to open a demat account in exactly the same name as is there on the physical share certificate.

So contact a good broker who can help you with the dematerialisation process after you have contacted the registrar.

 

[internet_fanbboy]

Thanks a lot PoorTrader for taking time out to answer this.

But i do not understand what is the role of the registrar here, were these shares alloted by dfssl ?

Can't i go to a broker directly and ask him to demat these shares to the respective person ?

 

[poortrader]

Thanks a lot PoorTrader for taking time out to answer this.

But i do not understand what is the role of the registrar here, were these shares alloted by dfssl ?

Can't i go to a broker directly and ask him to demat these shares to the respective person ?

1. Open a demat account with any good broker like IIFL, MOtilal, etc and do speak to their branch manager about this as most RMs will not be aware of the process
2. Registrar is handling all work of the company SBI, so you have to contact them to get your bonus/split shares (corporate benefits) first, then only you can convert them to demat form by contacting the registrar, call them up and ask the entire process, preferably visit them as it seems you may be having 2-3 lakh worth of shares. If it is very far, then send them email asking them the entire process

 

[rvm123]

In case any bonus shares are issued, first you had to collect them and then go for demat. I think SBI had not issued any bonus shares in the intervening period. So you can open a demat account and send the certificate for demat. You may get some unpaid dividends also, if you had not got them. Today each share is quoting around Rs.2075/-.

 

[poortrader]

1. Open a demat account with any good broker like IIFL, MOtilal, etc and do speak to their branch manager about this as most RMs will not be aware of the process
2. Registrar is handling all work of the company SBI, so you have to contact them to get your bonus/split shares (corporate benefits) first, then only you can convert them to demat form by contacting the registrar, call them up and ask the entire process, preferably visit them as it seems you may be having 2-3 lakh worth of shares. If it is very far, then send them email asking them the entire process

do let us know the story and share your experience

 

[internet_fanbboy]

do let us know the story and share your experience

Absolutely, I was busy today and didn't get time to call the Registrars office. Will get in touch with them tomorrow and update here as well.

Thanks,
IF

 

[internet_fanbboy]

do let us know the story and share your experience

Had a talk with the some person at Datamatics. He was not very helpful to say the least. When i called first he told me to call after lunch. Which i did and then after listening to my queries/concerns he asked me to send that in writing. I asked if there was an email for where i can send this, he insisted that i send it in writing.

Now i am thinking of giving these documents to a broker for getting them in a demat account.

 

[poortrader]

Had a talk with the some person at Datamatics. He was not very helpful to say the least. When i called first he told me to call after lunch. Which i did and then after listening to my queries/concerns he asked me to send that in writing. I asked if there was an email for where i can send this, he insisted that i send it in writing.

Now i am thinking of giving these documents to a broker for getting them in a demat account.

1. email I had already given you, why don't you try writing to them, send the scan of the share certificate
2. also you can write it down and courier it if you are located far off from mumbai