You can dematerialize share certificates if they are registered in your name, the issuing company is admitted for dematerialization by NSDL/CDSL, and the shares are free from any encumbrances.
Eligibility:
Name Match: The name on the share certificate must match the name in your demat account.
Company Admittance: The company whose shares you hold must be admitted for dematerialization by NSDL (National Securities Depository Limited) or CDSL (Central Depository Services India Limited).
No Encumbrances: The shares should not have any liens, charges, or encumbrances against them.
Process:
Open a Demat Account: If you don't have one, you'll need to open a demat account with a depository participant (DP) like a stockbroker.
Dematerialization Request Form (DRF): You'll need to fill out a DRF, which is available from your DP, and submit it along with your share certificates.
KYC Documents: You'll also need to provide your KYC (Know Your Customer) documents.
Submit to DP: Submit the DRF, share certificates, and KYC documents to your DP.
Verification and Crediting: The DP will send the documents to the depository (NSDL/CDSL) for verification and the shares will be credited to your demat account.
Jointly Held Shares:
If the share certificates are jointly held, the demat account must be a joint account with the same holders and in the same order as on the share certificates. If the order is different, you'll need to submit a transposition form.
Lost or Damaged Certificates:
If your share certificates are lost or damaged, you'll need to obtain duplicate certificates from the company's registrar and transfer agent (RTA) before dematerializing them.