Sir, I own lost my IOB share authorization.I am have the folio no. How can i get hold of duplicate share tag?
Please tell me around the procedure to get the duplicate share certicate (Indian overseas Bank)Thanking you,
Nakkeeran
Answers: contact to the share broker to bring back thi duplicate share certificate
If u enjoy the folio no. its better go to the stock broker who get ur shares first, and then administer him the details which he want.
Then according to the procedure, he will provide the duplicate share certificates of IOB.
Or otherwise, U can dance the Bank people, if u get the share certificates through sandbank before. Then they will assistance u out
CAMS is the authorized share transfer agency for IOB.
In skin you have the folio numbers mention the details to them along next to the covering letter stating the loss of original. They will be able to process your request.
In defence you do not have the folio numbers, it is better to contact CAMS to provide the details of the first/joint investors and request for a duplicate share pass.
It should roughly take smaller number than 3 months to process your request. In case you hold requested for a ECS of dividends to your SB account, it might be useful to carry a xerox copy of the Bank statement (along near the original) to show them that you have be receiving their dividends periodically to your SB rationalization.
Their website is : http://www.camsonline.com
Is in that an commentary i requirement earlier i can start buying stocks?
how do i get started.thankz!
Answers: Sir,
Actually if u want to do the trading from home or internet (I be going to by urself, then first of adjectives u need a DEMAT depiction. These accounts will be provided by stock brokers and also banks.
Go the wall people and ask for a DEMAT details, so that they will provide u the details.
You compulsorily need a PAN story no. for opening a demat depiction. But all the details will be provided by the brokers or ridge people if u once saturate up the application.
U will getting the account in one month. U can start trading by urselves.
Traditionally, NO!
But since the inception of on-line trading, investors have the opportunity of keeping stocks in a "Dematerialized" form roughly in a Demat depiction that is held by the holder of the securities next to a depository participant.
For that you can search for DP's available within your area and contact them for debut the account. Be sure to check adjectives the details like the percentage they charge for respectively trade and stuff like that!
There are online brokers resembling 'Scottrade', etc. You probably have to set up an description w/ funds to fund your purchasing activity. Once your money is 'within there' you can go to town (each online broker have a different way to fund their operation. Scottrade it's a flat $7 per trade. Others might want a percentage of the money involved).
Unless you want to buy a stock directly from the company itself. From what I hear, a handful of companies (like Disney, Coca Cola, etc) do that (it doesn't aim they aren't available by other means, it a short time ago means that they enjoy this means available, too). And they charge a charge for the transaction I believe (though it might in the completion be cheaper to go this route if you only just want to be a stockowner w/o even going the 'Scottrade' route, though that would make diversification harder since I'm sure so few companies enjoy a direct buy route available).
First of all, you own to open 3 Accounts to buy / market Equity shares from the Indian Stock Market.
oSavings Bank Account (Preferably with HDFC Bank / ICICI Bank / Axis Bank / IDBI Bank),
oDemat Account and
oShare Trading Account.
Savings Bank Account: Savings Bank accounts are accounts maintain by banks that clear interest but cannot be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their soft assets that could be used to make purchases while earn a monetary return. All savings accounts proffer itemized lists of adjectives financial transactions, traditionally through a bank passbook, but also through a wall statement.
Demat Account: In India, a demat account, the short way around for dematerialized account, is a type of bank account which dematerializes paper-based physical stock (equity) shares. The dematerialized justification is used to avoid holding physical equity shares: the equity shares are bought and sold through a stock broker.
This account is popular contained by India. The Securities and Exchange Board of India (SEBI) mandates a demat justification for equity share trading even One equity share. As of April 2006, it became mandatory that any creature holding a demat account should posses an Income Tax Permanent Account Number (PAN), and the deadline for submission of PAN details to the depository lapsed on January 2007.
Procedure:
1. Fill demat request form (DRF) (obtained from a depository participant or DP beside whom your depository account is opened).
2. Deface the equity share certificate(s) you want to dematerialize by writing across Surrendered for dematerialization.
3. Submit the DRF & equity share certificate(s) to DP. DP would forward them to the issuer / their R&T Agent.
4. After dematerialization, your depository information with your DP would be credited beside the dematerialized securities.
The benefits:
- A safe and convenient route to hold securities;
- Immediate transfer of securities;
- No stamp duty on verbs of securities;
- Elimination of risks associated with physical equity share certificate such as bad transference, fake securities, delay, thefts etc;
- Reduction contained by paperwork involved in verbs of securities;
- Reduction in transaction cost;
- No atypical lot problem, even one equity share can be sold;
- Nomination facility;
- Change in address record with DP get registered with adjectives companies in which investor holds securities electronically eliminate the need to correspond next to each of them separately;
- Transmission of securities is done by DP eliminate correspondence with companies;
- Automatic credit into demat explanation of equity shares, arising out of bonus/split/consolidation/merger etc.
- Holding investments in equity and debt instruments surrounded by a single account.
Required Documents:
The extent of documentation required to overt a demat account may alter according to your relationship with the institution. If you plan to embark on a demat account next to a bank, a reserves account holder have an edge over the non-account holder. In reality, banks usually bestow additional incentives to customers who uncap a demat account next to them. Along with the application form, your photographs (with co-applicants) and proof of identity/residence/date of birth enjoy to be submitted. The DPs also ask for a DP-client agreement to be executed on non-judicial stamp paper. Here is a broad chronicle (you won’t need adjectives of them though):
Income tax PAN card / Voter’s ID / Passport / Ration card / Driver’s license / Photo credit card / Employee ID card / Bank attestation / Income Tax returns / Electricity bill / Landline phone bill.
While they lone ask for photocopies of the documents, they will need the original for verification. You will enjoy to submit 8 passport size photographs on which you sign across.
Share Trading Account: An Account which is used to purchase / sell of equity shares through the broker (Like www.icicidirect.com / www.hdfcsec.com / www.indiainfoline.com / www.reliancemoney.com).
I am looking to buy some stock by using an online site,Which site is righteous for me?
I am looking to put down $1000 on one company and hold it.What and where is the best place to do this at online.Answers: I hold had excellent experiences near E trade. They have lots of information for you to study your stock formerly the buy and lots of education almost investing that is free to member.
If u have a demat rationalization, its easy to buy or vend a particular stock through a dune or a stock broker.
But if u want the information about individual stock, then u can turn out through the net online.
in that r many online sites which provide u the information almost the best stocks and recommendations
1. money control.com
2. Indian stock flea market
3. E trading.
But see 2 or 3 views past investing in a specific stock. Best of luck
I've been trading online for something like 8 years & I'm yet to find a platform that beat ThinkOrSwim.com (ToS)
Tons of great education, free seminar, cheap commissions & a really god desktop based platform to analyze trades, enter directions etc
I trade options not stocks, but I'd still recommend ToS to anyone doing any.
From what I've been told, in attendance are a handful of companies that also sell shares direct to the public (like Disney & Coke) contained by addition to the other mode of acquiring them. If it's one of those companies that interests you, you might want to research doing it that agency.