ForumCategory: Transfer of SharesHow are shares transferred?



How are shares transferred?Shares Recovery India Staff asked 5 months ago

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Best Answer

How are shares transferred?Pravin Poloju Staff answered 5 months ago
Earlier, in the periods before 1996 the physical shares were transferred when the persons involved in transferring the shares, sign the transfer forms and pay the stamp duties.
After dematerialisation, shares are transferred between Demat accounts electronically. During the transfer of shares in Demat accounts, the Stamp duties and other taxes are automatically calculated and deducted from their ledger account.