Union Corporate Affairs Ministry should arrange common and simple procedure for DEMAT and other requirements about shares
Union Ministry for Corporate Affairs should have a complete and thorough study of different types of procedures adopted by different companies in respect of shares-certificates still held in physical form by large number of share-holders. Many aged share-holders because of non-awareness or death of spouses or relations have not been able to get their decades-old share-certificates dematerialized. There are also cases where due to some reasons, premises registered with companies locked with companies now requiring latest share-certificates issued after premises being locked for dematerialization.
It is quite common that signatures of share-holders differ after decades. Many companies require signature-verifications according to their own format but on letter-heads of banks. But banks pro...