What will happen to Physical Shares Certificate after 31st March 2023 ?

• The shares will become worthless. This means that you will not be able to sell them, transfer them, or claim any dividends or other benefits.
• The shares may be frozen by the company. This means that the company will not allow you to sell or transfer the shares, and you may not be able to claim any dividends or other benefits.
• You may be treated as a Benami holder under the Benami Transactions (Prohibitions) Act, 1988. This means that you may be subject to penalties and fines.

In addition to these consequences, there are a few other things that you should be aware of if you have physical shares certficate:

• You will not be able to vote at shareholder meetings. This means that you will not have a say in how the company is run.
• You will not be able to benefit from corporate actions such as bonus shares or rights issues. This means that you will miss out on opportunities to increase your shareholding or acquire new shares at a discounted price.

If you have physical shares, it is important to convert them to demat form as soon as possible. This will ensure that you do not lose your investment and that you are able to participate fully in the market.

Here are some of the benefits of converting your physical shares to demat form:

• Demat shares are more secure. They are held in electronic form in a depository, which is a regulated entity. This makes them less vulnerable to theft or loss.
• Demat shares are more convenient to trade. They can be bought and sold online, which makes it easier for investors to participate in the market.
• Demat shares are more efficient. They do not require the physical movement of certificates, which saves time and money.

If you are not sure how to convert your physical shares to demat form, you can contact your broker or a depository participant. They will be able to help you through the process.

The deadline for converting physical shares to a demat form is 31st March 2023. After this date, physical shares will no longer be valid and will have no value. It is important to act now to avoid any potential problems.