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I have purchased MMFSL shares, how do I get them registered in my name and how long will it take?

mahindra-finance-author

by Mahindra Finance

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July 21, 2023

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2 mins read

You will have to send the share certificates and the Share Transfer Deed ( Please refer Form SH-4) duly filled in, executed after paying Stamp duty of Rs. 25 paise for every Rs. 100 or part thereof of the value of shares as per Notification No. SO 130(E), dated 28-01-2004 issued by the Ministry of Finance, Department of Revenue, New Delhi. Please note that copies of self attested pan cards and any document evidencing address proof ( either of ration card, passport, driving license etc.) of all the transferees as well as the transferor are mandatory for registration of transfers.

The shares, along with the Share Transfer Deed and copies of self attested pan cards along with the address proof will have to be sent to Karvy Fintech Private Limited at the following address:

Karvy Fintech Private Limited Unit : Mahindra & Mahindra Financial Services Limited

Karvy Selenium Tower B,
Plot 31-32, Gachibowli Financial District,
Nanakramguda,
Hyderabad - 500 032
Phone : + +91 040 6716 1518
Email : einward.ris@karvy.com

It takes 15 days to process the transfer. In case of rejection or any valid objection, intimation is sent to the shareholder within 15 days from the date of receipt of request for transfer. Once the shares are registered in your name, you will receive the original share certificates duly endorsed/transferred.

It is advisable to get your shares dematerialized through your Depository Participant. Electronic transactions do not attract any stamp duty, however each Depository Participant may levy a transaction charge. The rate should be confirmed with your depository participant beforehand. Please refer to the section pertaining to dematerialization of shares for more details.

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