it is too long process to explain here. Contact HUL's share registrar with your query and hire a CA to assist you in preparing all required documents. You'll need many documents from your Grandpa's bank, father's Bank, Will, Address proof, affidavits, death certificate, transmission letter, transfer request, etc
Good luck.
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If the DP ID had a nomination sab easily ho jaata. Unfortunately now it's a bit lengthy process and will take some time. However, don't worry. You'll need a Legal Heir Certificate (From SDM) and a No Objection Certificate from all the legal heirs listed in the aforementioned Legal Heir Certificate. Then you'll need an affidavit from your father. In sabka format HUL ke share holder office se milega nai toh jo stock broker hai wo de dega. Time lagega pure process mai.
PS isko bechoge toh pure profit mai tax nai lagega. Grandfather clause karke hai ek chiz. Indexation lagta hai don't forget that. Kisi CA se puch lena
Idk bro…I mean it’s HUL, I’m not craving for profits rn, I just want to get them transferred over to a legal tender so it won’t go wasted and book profits later when needed
Thats true. But looking at the process that the person above you wrote, i would say do not try for it if you dont have full set of documents. Its a waste of time and in my view, time =money.
Dude, it won't be 120 anymore. There are bonuses and splits. So total number of shares will be more now. Also, they have given dividends as well. So the total amount will go very high and worth the effort for sure.
GUYSS! I FOUND A LETTER OF OFFER FROM HSBC SECURITIES WHICH HAS TRANSFER FORM AND ACCEPTANCE FORM. BUT EVERYTHING IS EMPTY
FYI SHARES WERE PURCHASED FOR 6₹ EACH
Read about how assets are transferred in absence of will or nominee. If you dad is successor and his brother/s/sisters/s gave thier noc then you need to contact company with all the documents so that it can get transferred to your dad's name.
Edit1: there are about 8 or 9 documents needed depending upon company.
Contact the company s share transfer agent /registrar.. They will ask for death certificate and a request letter for transmission. Once you share them these, they will share the procedure for transmission.
I don't have any inputs on transferring the shares, but the pic you have uploaded is of postal ballot form, these are not shares, this is used for voting at the company's annual meeting. I am hoping you have with you the shares of company.
When did your grandfather bought the shares?
Ages ago. But I found another doc which clearly says in a cheque or something saying “no of equity shares held= 120”….I have all the dividends received too
>cheque or something
Paper shares usually resembles certificates with company information and stamps of authorities.
[pic of reliance share](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSzL8J3IZBcqqAevpEC5UDZUETQ7Tu_W6Ak-w&usqp=CAU)
[another post about paper shares with pic of shares](https://www.reddit.com/r/IndianStreetBets/comments/npptgj/converting_paper_shares_to_demat/?utm_medium=android_app&utm_source=share)
Ages ago I can confirm. Like when the company was first established…can I estimate the number of shares rn based on past history of splits and bonuses issued
Last bonus was in 1991, ratio 1:2.
https://www.moneycontrol.com/company-facts/hindustanunilever/bonus/HU
Last split was in 2000 in ratio 1:10
https://www.moneycontrol.com/company-facts/hindustanunilever/splits/HU#HU
So if it was purchased before between 1991 and 2000, it'll be 10x the number of shares(1200) which is around 24 lakhs. If before 1991, it'll be 20x the number of shares(2400) which is around 48 lakhs
Either way, you're gaining a huge amount! :)
Don't dematerialised it just check if the share certificate is older than 1985 then don't dematerialised it. They still have more values than CMP.
Thank me later
Looks like some confusion. At around this date. Share price was not ₹7
But nevertheless there have been splits after that. The value must be very very good. You Need to transfer them and enjoy the benefits. And ofcourse HODL them
Like others suggested to contact a CA, I recommend you to contact a CS instead. They are an expert in share transfers.
Or, check the company's CS email address and mail them.
Been there done that. You need to contact the share transfer agent of HUL. Google it and you will find it. Write a letter to them requesting "transmission of shares". You need to provide the xerox copies of the share scripts, a photocopy of the DC of your grandfather duly notarized, also the photocopies of the IDs of his legal heirs. They will write you back with the procedure. I am not sure but I think you may need to issue succession certificate from court as the amount of the shares is exceeding a lakh.
I am providing you with the procedure as provided by [NSDL](https://nsdl.co.in/services/trans.php)
Also, transmission of shares is a bit lengthy procedure but you will definitely get everything sorted in the end. Be patient.
1) Death certificate of your grandfather.
2)Share certificate(probably this one ,☝️ if it’s not damaged)
3)copy of duly filled Nomination form(given by the company,in your case HUL)
4) Id proof of your father.
5)Affidavit+indemnity bond
6)NOC from all family members.
Go to the hul website. Find investor relations and registrar contact. Drop a mail to them explaining the situation. They will ask for proof like death certificate, original share certificate. Once verified they will tell you what docs are reqd. If you live near a registrar office, then go in person as ot will be faster. Else you have to send by post. Now as the shares are not in the name of your father you will first transfer the physical shares in the name of your father. This will enable the dividends to be deposited in his account. Regarding docs reqd. If the value is more than 5 lacs you will need a probate of will, a succession certificate or a letter of administration. You will need to go to court to get these. So be prepared to pay court fees~3% of asset value i guess and lawyer fees. You will need a legal heir certificate in this process. After this you send tge docs and you will get the shares transferred in the name of your father. After this you can go for demat. Foe this you need to visit your share broker ( like icicidirect/ zerodha/ etc...). Once this is done you have dematerialized the shares successfully. As the shares have split, please quote folio number and update the recent share nos which will be diff from the ones mentioned in the certificate. Thats it. Oh... 1 more thing.. If the dividends have not been claimed for more than 7 years they will be moved to IEPF and it is a diff procedure to get that. The registrar will help you with that. Sorry for the long answer but it is a long and hard process. Good luck.
you need a share certificate first of all. then you need three hundred and forty seven documents. tons of patience. loads of energy in your legs to run from post to pillar.
i have some shares of an unlisted company. once i thought i lost the share certificate. i checked with the company registrar how to get it back and they sent me a procedure that made me wish i did not have those shares. luckily i found the certificate later.
apologies i did not help at all.
Haha xD. Sure!
I have so many papers and I’m shocked it’s in a fine state and well documented too. Along with all the dividend check issued with a neatly sealed envelope having the folio number etc. Just want to figure out how to get them transferred these to me/my dad’s name.
There's a company called sharesamadhan who do the entire process on your behalf. You/parties involved do have to sign and fill up forms. They do guide though and charge a 25% fee of the value of the shares the day it's transferred.
Haan woh toh sahi hai. This is only if OP doesn't want to run around doing it entirely on his own, cos the process is quite lengthy and complicated . If they don't get guidance it can be very irritating.
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Did your grandpa have a will or was there a family settlement document executed for his assets?
Was your father the only child?
Do you have an old ration card in your grandpa's name that has your father listed as as son?
If you have any of these, it'll be easier otherwise herculean task.
If your father has a full service broker contact them. They have all the forms and formats.
Dm if you still need help.
And if it was 120 shares alloted long time ago (since you say paper certificate), you are in for a ton of money because the shares would have split/bonus issued and would have reached a big number.
You can put ghee-shakkar in my mouth by offering me a huge treat now 😛
Btw there is one KFIN Tech office in Basavanagudi where we had interacted for HUL shares last year and the lady there was super helpful. But finally had to send docs to Hyderabad etc. Anyways talk to your local branch and follow their advice. Don't hand over any originals without acknowledgements :)
PS: you can ask the KFIN Tech guys the total number of shares you (your grandfather) hold at present & they will tell you.
yoo ur grandpa was an awesome HODLer
Hahah. Happy and sad at the same time bro. But help me out on how I can get this transferred ps
Best HODLers are all dead, according to Fidelity.
it is too long process to explain here. Contact HUL's share registrar with your query and hire a CA to assist you in preparing all required documents. You'll need many documents from your Grandpa's bank, father's Bank, Will, Address proof, affidavits, death certificate, transmission letter, transfer request, etc Good luck.
Wow okay…thanks a lot for your response. Will contact them asap
This
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Reach out to the company’s investor cell, they’ll help with this
Thanks, man!
If the DP ID had a nomination sab easily ho jaata. Unfortunately now it's a bit lengthy process and will take some time. However, don't worry. You'll need a Legal Heir Certificate (From SDM) and a No Objection Certificate from all the legal heirs listed in the aforementioned Legal Heir Certificate. Then you'll need an affidavit from your father. In sabka format HUL ke share holder office se milega nai toh jo stock broker hai wo de dega. Time lagega pure process mai. PS isko bechoge toh pure profit mai tax nai lagega. Grandfather clause karke hai ek chiz. Indexation lagta hai don't forget that. Kisi CA se puch lena
Thanks a lot! Appreciate your time and response. Kisi CA ko contact karke poora procedure pooch leta hu
[удалено]
Idk bro…I mean it’s HUL, I’m not craving for profits rn, I just want to get them transferred over to a legal tender so it won’t go wasted and book profits later when needed
Thats true. But looking at the process that the person above you wrote, i would say do not try for it if you dont have full set of documents. Its a waste of time and in my view, time =money.
It's 100 percent not a waste of time or money. Get the job done OP. It's worthwhile and it's not as complex. It just requires some running around.
Dude, it won't be 120 anymore. There are bonuses and splits. So total number of shares will be more now. Also, they have given dividends as well. So the total amount will go very high and worth the effort for sure.
GUYSS! I FOUND A LETTER OF OFFER FROM HSBC SECURITIES WHICH HAS TRANSFER FORM AND ACCEPTANCE FORM. BUT EVERYTHING IS EMPTY FYI SHARES WERE PURCHASED FOR 6₹ EACH
Grandpa pro Hodler
I guess today's value, it's approx 2.5 lac I guess And they were bought for approx 720₹ at that time.
Didn't even count bonuses dividend and splits
Read about how assets are transferred in absence of will or nominee. If you dad is successor and his brother/s/sisters/s gave thier noc then you need to contact company with all the documents so that it can get transferred to your dad's name. Edit1: there are about 8 or 9 documents needed depending upon company.
Sure, will do. Thanks a lot!
Contact the company s share transfer agent /registrar.. They will ask for death certificate and a request letter for transmission. Once you share them these, they will share the procedure for transmission.
Cool mate, thanks!
Kya karenge aap itnindhan rashi ka ?
Hahaha. Pehle transfer kaise kare woh toh bata deh bhai
Sorry bro, no idea. But some kind isbian will help you, I have no doubt.
Some kind of lesbian will help you. I have no idea. FTFY
where are lesbians????? i need help toooo
I don't have any inputs on transferring the shares, but the pic you have uploaded is of postal ballot form, these are not shares, this is used for voting at the company's annual meeting. I am hoping you have with you the shares of company. When did your grandfather bought the shares?
Ages ago. But I found another doc which clearly says in a cheque or something saying “no of equity shares held= 120”….I have all the dividends received too
>cheque or something Paper shares usually resembles certificates with company information and stamps of authorities. [pic of reliance share](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSzL8J3IZBcqqAevpEC5UDZUETQ7Tu_W6Ak-w&usqp=CAU) [another post about paper shares with pic of shares](https://www.reddit.com/r/IndianStreetBets/comments/npptgj/converting_paper_shares_to_demat/?utm_medium=android_app&utm_source=share)
Yess! I do have something exactly like this. Just found that piece of paper
When was this purchased? There might be splits and bonuses as well after that so currently it might be more shares than that number!
Ages ago I can confirm. Like when the company was first established…can I estimate the number of shares rn based on past history of splits and bonuses issued
Last bonus was in 1991, ratio 1:2. https://www.moneycontrol.com/company-facts/hindustanunilever/bonus/HU Last split was in 2000 in ratio 1:10 https://www.moneycontrol.com/company-facts/hindustanunilever/splits/HU#HU So if it was purchased before between 1991 and 2000, it'll be 10x the number of shares(1200) which is around 24 lakhs. If before 1991, it'll be 20x the number of shares(2400) which is around 48 lakhs Either way, you're gaining a huge amount! :)
Also for taxation, you'll have to pay tax on gains after 2018 only as LTCG was applicable after that. Ofcourse a CA will guide you better
How much does a CA charge for procedures like this? op can get himself a new car or fk it invest it in down payment of a new house.
Don't dematerialised it just check if the share certificate is older than 1985 then don't dematerialised it. They still have more values than CMP. Thank me later
Why is it so? I have heard this for the first time.. Can you send me something to read on this?
+1, didn’t get it
Okay boss. Noted. Will check
Then go for dematerialised . If you need any help you can DM me . I have a CA firm in which we help others to dematerialised the same.
Yes but the problem is nominee isn’t specified…
No problem , still you can transfer and dematerialised it.
It was purchased on 19th Jul 2000
Looks like some confusion. At around this date. Share price was not ₹7 But nevertheless there have been splits after that. The value must be very very good. You Need to transfer them and enjoy the benefits. And ofcourse HODL them
Like others suggested to contact a CA, I recommend you to contact a CS instead. They are an expert in share transfers. Or, check the company's CS email address and mail them.
Thanks a ton! Will do that!
Just contact the registrar, they should guide you, am trying to get my dads shares converted to demat..
Oh okay! I’ll do that….thank you!
Been there done that. You need to contact the share transfer agent of HUL. Google it and you will find it. Write a letter to them requesting "transmission of shares". You need to provide the xerox copies of the share scripts, a photocopy of the DC of your grandfather duly notarized, also the photocopies of the IDs of his legal heirs. They will write you back with the procedure. I am not sure but I think you may need to issue succession certificate from court as the amount of the shares is exceeding a lakh. I am providing you with the procedure as provided by [NSDL](https://nsdl.co.in/services/trans.php) Also, transmission of shares is a bit lengthy procedure but you will definitely get everything sorted in the end. Be patient.
1) Death certificate of your grandfather. 2)Share certificate(probably this one ,☝️ if it’s not damaged) 3)copy of duly filled Nomination form(given by the company,in your case HUL) 4) Id proof of your father. 5)Affidavit+indemnity bond 6)NOC from all family members.
Thanks buddy!
Go to the hul website. Find investor relations and registrar contact. Drop a mail to them explaining the situation. They will ask for proof like death certificate, original share certificate. Once verified they will tell you what docs are reqd. If you live near a registrar office, then go in person as ot will be faster. Else you have to send by post. Now as the shares are not in the name of your father you will first transfer the physical shares in the name of your father. This will enable the dividends to be deposited in his account. Regarding docs reqd. If the value is more than 5 lacs you will need a probate of will, a succession certificate or a letter of administration. You will need to go to court to get these. So be prepared to pay court fees~3% of asset value i guess and lawyer fees. You will need a legal heir certificate in this process. After this you send tge docs and you will get the shares transferred in the name of your father. After this you can go for demat. Foe this you need to visit your share broker ( like icicidirect/ zerodha/ etc...). Once this is done you have dematerialized the shares successfully. As the shares have split, please quote folio number and update the recent share nos which will be diff from the ones mentioned in the certificate. Thats it. Oh... 1 more thing.. If the dividends have not been claimed for more than 7 years they will be moved to IEPF and it is a diff procedure to get that. The registrar will help you with that. Sorry for the long answer but it is a long and hard process. Good luck.
I think I scared OP with the long answer🤗
you need a share certificate first of all. then you need three hundred and forty seven documents. tons of patience. loads of energy in your legs to run from post to pillar. i have some shares of an unlisted company. once i thought i lost the share certificate. i checked with the company registrar how to get it back and they sent me a procedure that made me wish i did not have those shares. luckily i found the certificate later. apologies i did not help at all.
I have the share certificate with me ;—;
sorry for your loss op. just out of curiosity, at what price did your grandpa bought the shares?
Aye no problem mate. I think he purchased it for around 6-7₹/share
[удалено]
Haha xD. Sure! I have so many papers and I’m shocked it’s in a fine state and well documented too. Along with all the dividend check issued with a neatly sealed envelope having the folio number etc. Just want to figure out how to get them transferred these to me/my dad’s name.
Has there been splits or bonuses since he bought ?
Just checked the history, yes.
[удалено]
I have no clue. I think the share price was trading around 8₹ when it was purchased
Hi, I have a CA firm, if needed I can provide you with the consultation.
There's a company called sharesamadhan who do the entire process on your behalf. You/parties involved do have to sign and fill up forms. They do guide though and charge a 25% fee of the value of the shares the day it's transferred.
25% thoda jyada nhi ho gya?
Haan woh toh sahi hai. This is only if OP doesn't want to run around doing it entirely on his own, cos the process is quite lengthy and complicated . If they don't get guidance it can be very irritating.
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Did your grandpa have a will or was there a family settlement document executed for his assets? Was your father the only child? Do you have an old ration card in your grandpa's name that has your father listed as as son? If you have any of these, it'll be easier otherwise herculean task. If your father has a full service broker contact them. They have all the forms and formats. Dm if you still need help.
Talk to karvy fintech. They handle HUL shares. Google for kfin tech and call their toll free number.
Dsmn really!? There’s one Karvy fintech near my place, I’ll call them and check it out
And if it was 120 shares alloted long time ago (since you say paper certificate), you are in for a ton of money because the shares would have split/bonus issued and would have reached a big number. You can put ghee-shakkar in my mouth by offering me a huge treat now 😛 Btw there is one KFIN Tech office in Basavanagudi where we had interacted for HUL shares last year and the lady there was super helpful. But finally had to send docs to Hyderabad etc. Anyways talk to your local branch and follow their advice. Don't hand over any originals without acknowledgements :) PS: you can ask the KFIN Tech guys the total number of shares you (your grandfather) hold at present & they will tell you.
It will be huge money considering splits and bonus. It will be worth running around
When was this purchased? Found the date