HOW HAS DIGITISATION AFFECTED THE WEALTH AND EQUITIES OF THE OLDER GENERATION?

Government of India banned the sale & purchase of any physical shares in 2018, wherein for any sale /purchase the investor would first have to get the physical shares converted into demat form.

- SANCHIT GARG

Though the conversion of physical shares certificates into the Demat (dematerialized) form is often considered a landmark decision to protect & streamline people's investments, the change was a big blow to several investors & families who could not complete the process and are still struggling to get back & streamline their investments especially the elderly people. After this rule many of the investors have got their physical investments dematerialized however, it did cause many sleepless nights to shareholders or their family members who were accustomed to investing money in physical shares and were not or are still not able to liquidate the investments unless their assets are converted into Demat accounts. Ensued by the demise of many such elderly people after the implementation of the new rule, the problem becomes rather rampant for their descendants to trace such physical investments and get them transferred to their names. Several companies have come up with various corporate actions in the last many years, like the issue of bonus shares, stock splits, mergers & demergers. Investors who are holding physical sh