SEBI's New Share Transfer Process: Learn the Easiest Way with This Step-by-Step Guide
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7 ماه پیش
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Confused about SEBI's new share
Confused about SEBI's new share transfer process? Don't worry, we've got you covered with this step-by-step guide to the easiest way of transferring shares. Stay updated with the latest SEBI rules and learn how to transfer shares hassle-free. Watch now!
Curious about SEBI's new share transfer process? Look no further! In this step-by-step guide, we'll walk you through the easiest way to transfer shares under the revised SEBI process. Don't miss out on this important information for investors and shareholders. Let's get started!
Welcome back, traders! In today's video, we're navigating through the new SEBI revised process for transferring stocks from one demat account to another. As of January 1, 2024, a mandatory step involves adding the buyer or transferee account as a beneficiary to the seller or transferor account. This precautionary measure aims to prevent erroneous transfers.
The process of adding a beneficiary can be accomplished in two ways: submitting a physical registration form to the DP or broker, and the other, adding a beneficiary through CDSL Easiest login. We'll be focusing on the latter in this video.
If you haven't registered with CDSL Easiest yet, we'll guide you through the process by providing essential details like DP ID and client ID (BO ID), which can be found in your broker's portal account details section. This registration ensures seamless CDSL to CDSL transfer. If you have any questions, drop them in the comments, and we might create a detailed video on the topic.
Once registered, log in to your Easiest account, navigate to the miscellaneous tab, and click on "Change PIN." The old PIN would have been sent to your registered email.
Previously, until December 31st, this was the process to complete registration and transfer shares. Now, let's move on to adding a beneficiary and initiating the share transfer.
Visit the transaction tab, click on "BO Linking," and then "BO Linking Setup." Enter the client's BO ID, buyer's PAN (to whom you want to transfer shares), and submit. An email with an authentication link will be sent. Click on it to complete the authentication, instantly adding the BO as a beneficiary.
To transfer shares, go to the transaction tab, click on "Setup," then "Bulk Setup." Select the execution date, counter BO ID for the share transfer, and add the entity identifier as NA. Add the ISIN of the stock, quantity, select the reason (gift, transfer to own account, or other), and click OK. Repeat these steps for additional stocks. Verify and commit the transactions, and you'll be prompted for OTP and PIN verification (changed after login).
That's about it! Once approved by your DP or broker, the shares will be transferred to the beneficiary account by the end of the day, and you'll receive a confirmation email on your registered email ID.
If you have any questions, drop them in the comments below. Stay tuned for more exciting videos, and happy trading!
Curious about SEBI's new share transfer process? Look no further! In this step-by-step guide, we'll walk you through the easiest way to transfer shares under the revised SEBI process. Don't miss out on this important information for investors and shareholders. Let's get started!
Welcome back, traders! In today's video, we're navigating through the new SEBI revised process for transferring stocks from one demat account to another. As of January 1, 2024, a mandatory step involves adding the buyer or transferee account as a beneficiary to the seller or transferor account. This precautionary measure aims to prevent erroneous transfers.
The process of adding a beneficiary can be accomplished in two ways: submitting a physical registration form to the DP or broker, and the other, adding a beneficiary through CDSL Easiest login. We'll be focusing on the latter in this video.
If you haven't registered with CDSL Easiest yet, we'll guide you through the process by providing essential details like DP ID and client ID (BO ID), which can be found in your broker's portal account details section. This registration ensures seamless CDSL to CDSL transfer. If you have any questions, drop them in the comments, and we might create a detailed video on the topic.
Once registered, log in to your Easiest account, navigate to the miscellaneous tab, and click on "Change PIN." The old PIN would have been sent to your registered email.
Previously, until December 31st, this was the process to complete registration and transfer shares. Now, let's move on to adding a beneficiary and initiating the share transfer.
Visit the transaction tab, click on "BO Linking," and then "BO Linking Setup." Enter the client's BO ID, buyer's PAN (to whom you want to transfer shares), and submit. An email with an authentication link will be sent. Click on it to complete the authentication, instantly adding the BO as a beneficiary.
To transfer shares, go to the transaction tab, click on "Setup," then "Bulk Setup." Select the execution date, counter BO ID for the share transfer, and add the entity identifier as NA. Add the ISIN of the stock, quantity, select the reason (gift, transfer to own account, or other), and click OK. Repeat these steps for additional stocks. Verify and commit the transactions, and you'll be prompted for OTP and PIN verification (changed after login).
That's about it! Once approved by your DP or broker, the shares will be transferred to the beneficiary account by the end of the day, and you'll receive a confirmation email on your registered email ID.
If you have any questions, drop them in the comments below. Stay tuned for more exciting videos, and happy trading!
7 ماه پیش
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