Old shares

[Silentdude1957]

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Silentdude1957
PARTICIPANT
April 2, 2025 at 6:50 pm

I recently found out about some old shares of food and drug corporation, specifically from 1984. Which belonged to my grandfather due to them being an employee. Thus can they be inherited?
My grandfather have passed away so my father is bit hesitant to tell someone about those. Is it legal?

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[Silentgirish7599]

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Silentgirish7599
PARTICIPANT
April 2, 2025 at 7:03 pm

How many shares? If small amount – forget it. If large amount, then contact Karvy or Kfintech with folio no & certificate no. There will be lots of paperwork for transferring shares, then dematerializing them from physical to demat

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[Silentdude1957]

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Silentdude1957
OP
April 2, 2025 at 7:52 pm

There are 180 in total

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[Silentgirish7599]

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Silentgirish7599
PARTICIPANT
April 2, 2025 at 8:02 pm

Contact Karvy or Kfintech or CAMS. They are Registrar and Transfer Agents (RTAs), registered under SEBI, who maintain up-to-date register of all the company’s shareholders. They act as intermediaries between the company and its shareholders. They manage dividends, issue duplicate shares, verify signatures, bonus shares, transfers, etc.

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[Silentdude1957]

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Silentdude1957
OP
April 2, 2025 at 8:40 pm

Ok thank you so much I’ll go through them and check out the process

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