Yes, jointly held physical shares can be dematerialised into a joint demat account under the names of the joint shareholders. However, it is crucial that the names on the joint demat account appear in the same sequence as on the share certificates. Suppose the order of names on the share certificate differs from that on the joint demat account. In that case, you will need to submit a transposition form along with the necessary documents to proceed with dematerialisation  through 5paisa.

 

Example Scenario

Let's consider Mr. Arun and Mrs Banu, joint shareholders of SBI physical shares with a joint demat account.

• The share certificate lists Mr. Arun as the first shareholder and Mrs. Banu as the second.
• Conversely, in the joint demat account, Mrs. Banu is listed as the first holder and Mr. Arun as the second.

To proceed with dematerialising the SBI shares, the transposition form must be filled out and submitted. It should be signed in the order of the names as per the demat account, first by Mrs. Banu, followed by Mr. Arun.

Required Documents

The documents needed to transpose and dematerialise the physical share certificates are as follows:

• Transposition form: One for each share certificate.
• Dematerialisation Request Form (DRF): Two copies per share certificate per company. For up to four share certificates of the same company, two DRFs are sufficient. However, for more than four certificates, an extra DRF is required.
• Original share certificates.
• Self-attested copy of PAN.

Ensure all documents are accurately filled out and submitted to 5paisa for processing. It's advisable to keep a copy of the physical share certificates for personal reference before sending them.

By following these steps and providing the necessary documentation, you can seamlessly dematerialise jointly held physical shares with 5paisa, ensuring alignment between the demat account and share certificate details.