Yes this is a very common issue. Sebi needs to resolve this.

I too have a dud share, and it irritates the hell out of me. Same problem. Thanks for highlighting this issue.

@MrKhabbu

17 күн бұрын

How highlighting helps you when you already have suffered.

Thankyou very much for taking the issue with SEBI. Hope we get some solution. This is a very nice video. I have more than 6L worth of dud shares from 8 companies, which were very large cap Nifty 50 shares 2 decades back. Couple of these companies are getting bought and their shares will be relinguished soon. When they get relinguished with zero value, they will be removed from demat account and I can account them under LTCG loss. Still 5L worth of dud will be left out. If i tranfer to friends account that poor guy will hold that dud.I may be able to show loss on transfer and close my demat. But that poor fellow has to start suffer like me. Or atleast SEBI should allow us to transfer them back to the company at 1 paise cost and allow us to show the loss for IT purpose, it will be of great help.

@tejnathsamant741

22 күн бұрын

I agree with you. Sebi should find way to book loss for dud shares,in both Demat and physical form. Since ltcg is introduced with grandfathering effect from 2018, the loss booking should be possible for pre 2018 shares.

Iam having DHFL share worth of 20k but since not able to close dmat in hdfc bank paying evey year 750 rs. How dumb regulators are.

@DebDatta

24 күн бұрын

Not dumb. Callous. They do not care for small retail investors.

@ajsujit

24 күн бұрын

@@Rraj88 I was under the false impression that unlisted shares automatically get removed from demat account. This video is eye opener.

@sphb100

24 күн бұрын

Get in touch with the company secretary of DHFL now called Piramal Capital and Housing Finance Limited, they will buy it back at current rate.

@drishtimediratta7004

24 күн бұрын

DHFL shares are not appearing in Dmat account. Why Piramal capital will pay for it

@golfergolden

23 күн бұрын

Close Hdfc bank account, from where HSL shall debit it's charges then

They should publish a demat account where everyone can transfer their dud shares.

Very surprising that SEBI chairperson who on TV seems to be a great Chairperson, has not taken up this issue and resolved it. Very strange. Whenever I listen to her, she has always been understanding and willing to listen. Madam Chairperson, if you are watching, please rectify this

@pankajkamat168

21 күн бұрын

SEBI only listens but not acts, never in favour of investors, though they pretend to protect investors.

A much welcome unique presentation on a niche problem of the capital market- dud shares in demat accounts. Appreciate your highlighting of this issue

Thank you for highlighting this big gap, imagine how much the country pays to maintain such junk holdings.

@MoneylifeNewsBites

24 күн бұрын

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Imagine if we do not have channels like these to voiceover, what the outcomes would be! Thank you both Sucheta and Debashish ji for bringing out many issues. If institutes like ICAI take up, much more can be addressed.

@MoneylifeNewsBites

23 күн бұрын

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@MrKhabbu

17 күн бұрын

Simply pointing out the problem does not help. They must come up with a workable solution for the same. And the greed and the herd mentality of the people which leads them to this trouble .

Very very relevant subject, as usual nicely deciphered backed by a studied approach. Thanks for bringing such topics in the world full of cacophony of so call Stock Gurus. Thanks Money Life

As an Indian citizen I demand world class services!

@chiluxr250

23 күн бұрын

As a Indian? You must be day dreaming. Because it is far from reality and not possible in near future.

@askme9572

22 күн бұрын

Do you want to die like Haren Pandiya Dy. CM to Modi , then CM of Gujrat ?

Thank you, very common issue.

Wow, you presented such excellent matters that enlightened us. Thank You !!

Excellent work!!!!

@MoneylifeNewsBites

24 күн бұрын

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Thanks for voicing this problem

@MoneylifeNewsBites

24 күн бұрын

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Laudable initiative. Thank you

@MoneylifeNewsBites

24 күн бұрын

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Again , very good ; thou the topic of show is not interesting , entertaining to Most of us ; BUT IT shows how carefully and detailed Informer you are . My only word of exclamation is-- Alas , if we get Regulator & controller like you !

@MoneylifeNewsBites

24 күн бұрын

Appreciate your kind words.

Thanks a lot Sucheta mam.

@MoneylifeNewsBites

20 күн бұрын

You're welcome! I'm glad you found the information helpful.

The Registrar and their role is also a grey area. ..There are shares like Nayara Energy / Essar which went private.if one holds the shares the existing Demat account should facilitate atleast payment of dividend..

Thank you so much for bringing this up. I am stuck with one such share and live in hope that the authorities will come up with a solution. Your efforts have always been a catalyst for progressive change.

@MoneylifeNewsBites

23 күн бұрын

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Very pertinent issue

Thanks for addressing this tricky thing. Though I do not want to close my DP, I have 3 such company shares & want to get rid of them.,. Does liquidated shares not get extinguished automatically??

Thanks for talking on this topic

@MoneylifeNewsBites

24 күн бұрын

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Glad that SEBI C. said we will take it up. My view is that it is a loss of investment and therefore one should be allowed to treat it as a long term loss in ITR with an appropriate authorisation by Dept of Company Affairs that this is a dud/ vanished/ unlisted company. Plus deletion of share from demat account. Physical shares can be submitted to GOI who can destroy the same. Problem needs to be addressed by FinMin; who is probably more busy gathering revenue, wherever it can be found or generated. My take

We should ask SEBI chairperson this question during press conference.

Great service to us Sucheta

@MoneylifeNewsBites

24 күн бұрын

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Very nice and informative. Thank you

@MoneylifeNewsBites

20 күн бұрын

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Thanks for alerting

@MoneylifeNewsBites

23 күн бұрын

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Yes it for this reason that I couldn't close my Demat account but as you said there is a light at the end of the tunnel, I wish sebi responds to your pursuation positively.

Very good video sebi has to act . Pl continue yr good effort.tks

@MoneylifeNewsBites

20 күн бұрын

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Thank you sucheta a very important topic

@MoneylifeNewsBites

23 күн бұрын

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Thank you for highlighting a very common problem many of us face .Hope a solution emerges soon.

@MoneylifeNewsBites

23 күн бұрын

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Company that will be delisted should buy back share at 1 rs or anything automatically.

Great talk and very helpful

@MoneylifeNewsBites

24 күн бұрын

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I have two dud shares... Reliance Capital and Reliance Communications in my dp account. It spoils the way my otherwise modest portfolio, looks! The authorities must come up with a suitable solution which should be free if cost for at least a certain number of scrips and holdings. Something like the DEF by RBI... and with the option to be recalled in case the company revives.

Thank you ma'am

@MoneylifeNewsBites

24 күн бұрын

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Thanks a Ton madam 🙏🙏

@MoneylifeNewsBites

20 күн бұрын

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I also have falcon tyre shares .. 200 of them , what I need to do now . Please let me know

Please take up this with income tax how we can book loss since now ltcg is being charged from 31 Jan 2018. I hame many shares from 1985 some in physical format and some in Demat. I really appreciate your works for retail investors.

You got it right i just thinking how to disposed of few dead stocks sitting in my PF /DP. SEBI should find solution to such problems

I am also suffering from this zombie stock and one amoung unlucky 9 person out of 10. Might have paid more than 10000 rupees only to maintain 2 zombie shares silverline technology and more emerged company of the same… it carries zero value as on today but i paid more than 10K to maintain.. You have taken right cause, looking forward to seeing the outcome

Great 👍 thanks

@MoneylifeNewsBites

24 күн бұрын

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Good information which website we can go and clear this issue

Thanks Madam

@MoneylifeNewsBites

24 күн бұрын

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Thank you so much for discussing this... i thought i was a unique specimen to be holding 2 dud scrips....

@MoneylifeNewsBites

23 күн бұрын

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Rematerilaize and shred could be an Electronic button option with due backend process

Appreciate your work @moneylife But this problem happens to investors who bought illiquid junk equity. In investing no one holds a gun to your head to buy shares, people buy junk stuff on their own remit.

1:58 We have suffered from this problem last year. The charges by ICICI direct were nominal, but we had to visit their office many times for the cumbersome process. Thank you for bringing up this issue with multiple authorities persistently. Can you also tell how this problem is dealt with in other countries?

Investor protection fund & SEBI NSDL should collect such shares with them by taking consent from investors to get rid of such shares.

Would filing a PIL be a possible solution to shaking up SEBI?

Very relevant issue

@MoneylifeNewsBites

24 күн бұрын

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What happens in case of dud shares in an Estate account, where there is only a one time sell option.

Best option would be to transfer the shares to IEPF. IEPF is sitting on huge pile of Bluechip shares than why not dud shares ???? As such it is meant for investors protection, isnt it ???

@MrKhabbu

17 күн бұрын

What is IEPF

i have this issue tooo

How this dud shares issue is handled by other countries? Like USA Nasdaq ? Any idea ma'am?

As per my knowledge, RTA does rematerialisation, but we won't find an active RTA for defunct company.

you have highlight it correctely, problem is sebi is not in problem solving, they are just promoter of share markets, sebi need to work as authority, also sebi needs to open branch office /zonal office in each state like RBI

I hope they take it up earnestly and find a solution. Thank you for taking up a very valid issue.

Agree with you totally. I too have few dud shares lying in my dmat account & yes no solution as yet 😡

Some junior clown at the NSDL would have given you such a lunatic response!!! Mr Dattar's original suggestion makes a lot of sense. If the stock does get revived, SEBI or responsible govt holder can always transfer back to owner who put it there. I too am stuck with a scrip! Thank you for your persistent efforts. Let's wait.

Very Valid issue

@MoneylifeNewsBites

20 күн бұрын

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Surprised to hear that this is one way street

Great One....Sebi can't brush it away. Is there a solution to this kind of issue in US or Europe?? Then you are also providing a solution !! Probably international best practise for dud shares.

@MoneylifeNewsBites

23 күн бұрын

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Yes it’s high time, SEBI resolves this important issue of dud shares. In addition, as one is unable to trade these shares, how can the capital loss be claimed?

Very good video. Perhaps a solution is list such duds seperately and allow trading with extreme caution

@MoneylifeNewsBites

20 күн бұрын

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What would have one done with Dud shares in Physical share form. This can be done. Electronic shredding initiated by Demat holder through a Button to be approved from DP / NSDL or CDSL could be an option..it can take care of the right s of Share holder and obligations of regulators .

Unless the company is liquidated, one cannot book loss in the capitala gain statement. Generally when NCLT process gets over , the share also disappear from demat account

I'm stuck with one Zombie " VIVI MED LAB " What should I Do.....? Any Update with This Stock.... I want TAX Reduction because of my " Dead Money " in this Stock....!

Without knowing the market... Even the profit is worst then loss...

How to rematerialise unlisted shares and the company/contact no longer exist

👌

@MoneylifeNewsBites

19 күн бұрын

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Major issue - even global banks are struggling with same process

Dabba trade is increasing, plz make vedio on this subject.

@ Sucheta Dalal Madam, on a similar note. PLease raise awareness about mutual fund units trapped in demat accounts. A lot of naive investors have bought them in their demat accounts and now they do not know how to sell these units

Its big issue. I have one bank shares still in my account.

Then one should be allowed to transfer to Govt IEPF acc. Later if company comes alive, the old investor must be allowed to reimburse after opening a new demat acc. A nominal charges can be raised on the value of shares by govt.

The problem is there with brokers also. I stopped trading with one beoker and there are no shares in demat or any balance with broker. I informed their customer support to close the account but i keep getting messages on zero balance in my account

Why can't be the same solution like they transfer active shares to Investor protection fund lying for long in DPs but no transactions.

To my knowledge I have a solution for this. Like the unclaimed money from Banks and Insurance and PF and other institutions is transferred to a Escrow account with RBI or Government these dud shares can be transferred to a similar account . RBI and or Government can on their part delve in to the affairs of those companies and if possible recover the cost of maintaining these services. Customer gets relieved once for all.

Mam we should file a PIL for it in Supreme Court.

Very nice new topic... The attitude of government is more like a vasooli agent ...than giving fair treatment to citizens

@MoneylifeNewsBites

23 күн бұрын

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Transfer dud shares to SEBI executive's demat accounts😅😅😅

Sebi is ignoring this problem since 2001. It is 23 years now. In favor of DP i guess. However remat does not worked for me.

Rematerialize it

The problem is that the persons entrusted with the job of governance do not put themselves in the shoes of their target clientele or persons they are supposed to serve.

It is curse of us to have such regulators who have no concern for the problems (created by these regulators) of ordinary small investors. Afterall they remain to safeguard the big corporates.

When will they take it up is a question only God can answer

Someone has to raise this question in parliament

@MrKhabbu

17 күн бұрын

Raising a question is easy but giving a workable solution is needed. And to raise the same the MP should first understand it

I think basic account is a solution, no annual charges

Madam , Please write to finance minister

I really wish you become SEBI chair for 1 year.

@MoneylifeNewsBites

23 күн бұрын

Appreciate your kind words.

We need a few hundred beacons like you

@MoneylifeNewsBites

24 күн бұрын

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TRUE they run away with our hard earned money

Only solution is go to supreme court.

Easy solution is to look up the procedure followed by developed first world countries and implement it in India .

Madam instead of just elaborating on the problem come up with a workable solution for the same .

Good topic, zombie shares, many more zombies will crowd demat account of retail investors, what with high priced IPOs, or even shares like RVNL or IREDA or IRCTC may turn up to be zombies.😂

How about Donating shares to temples?

Gift them

Can we jointly have sebi campaign sign a letter digitally, this is serious, penalising legal tax abiding citizens