Debentures purchased under Estranged Sister’ s Name

[Braveowl2648]

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Braveowl2648
PARTICIPANT
April 15, 2025 at 2:01 pm

My father had invested Rs. 10 Lakhs of his hard earned money in Debentures of a company
in the name of my sister as first holder and himself as the joint holder with his home residential address.
The company mailed Paper certificates to him at the time of investment.

Now after several years, the company said that paper certificates are not valid anymore
and they will issue electronic credit of paper debentures to First Holder’s Demat account.

My sister is estranged from the family and lives abroad.

She doesn’t know and doesn’t care about this investment. It’s also not any big amount
by her rich standards.

She had made pan card and adhar card several years ago which was made when she was still living in our family
My father has access to her pan card and adhar card.
Adhar is linked to sister’s mobile number to which he doesn’t have access.

So, how to go about claiming this amount from company.
He would like to open a demat ac in sisters name and claim the invested amount.

We cant ask sister for help she is not interested in our family.

She will not help us, at the same time she will not hurt or block us from doing anything regarding recovering
our investment.

Any ideas, thoughts are genuinely appreciated as my father is a super senior citizen
and had saved this amount for old age expenses.

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