How can I reliably “transfer” shares to another person by using market transactions? [closed]
Can my shares be transferred to another person?
One needs to fill out a DIS (Delivery Instruction Slip). ISIN number of the shares to be transferred, name of the company (security), demat account and DP ID of the account to which the shares are being transferred must be filled up in the form.
How can I transfer my shares from one Demat account to another?
Process of transfer of shares from one Demat account to another
- Step 1 – The investor fills the DIS (Delivery Instruction Slip) and submits it to the current broker.
- Step 2 – The broker forwards the DIS form or request to the depository.
- Step 3 – The Depository will transfer your existing shares to the Demat account.
How do I transfer shares online?
Online transfer of shares
Get registered at CDSL or NSDL website. For NSDL – Visit this page > New User Registration > Speed-e>Register. For CSDL – Click here > Register for Easiest > Enter Demat details, OTP, account details (DP ID, Client ID, email id etc.
How can I transfer shares in CDSL online?
How to transfer shares using CDSL Easiest?
- Register for CDSL Easiest.
- Add Trusted account details. …
- Once the trusted account is set up, go to ‘Setup’ on the transaction section.
- Select Bulk Setup.
- Click on the Transaction tab.
- Enter the below details and Submit. …
- Click on verify to verify your request.
- Click on Commit.
What is the procedure for transfer of shares?
How to Transfer Shares of a Private Limited Company
- Step 1: Obtain share transfer deed in the prescribed format.
- Step 2: Execute the share transfer deed duly signed by the Transferor and Transferee.
- Step 3: Stamp the share transfer deed as per the Indian Stamp Act and Stamp Duty Notification in force in the State.
Can I transfer my shares to my wife?
Yes, you can transfer shares from any account to your account by giving off-market delivery instructions slip to holders DP. There are some minimum charges to transfer the shares. As you are doing the transfer of shares within a family, so we don’t see any major issue from the income tax department.
Can shares be transferred to another demat account online?
Yes, you can transfer shares from one Demat account to another.
Can I gift shares to my son?
When you transfer shares to your children, it will generally be considered as a gift for the purposes of inheritance tax. If the transferor (parent) dies within 7 years of making the transfer, the transferee (child) will be liable to pay inheritance tax.
How much time does it take to transfer shares from one demat account to another?
Ideally it should not take more than 3-4 hours to transfer shares from once Demat Account to another. This also depends on the repository. There are two repositories, viz: NSDL & CDSL. If the transfer is done from an NSDL account to a CDSL account, it would take the stipulated 3-4 hours.
Can I transfer shares from CDSL to NSDL through easiest?
You can transfer the shares from CDSL to NSDL using the CDSL Easiest facility or through manual submission of physical Delivery Instruction Slip (DIS). The inter-depository transfer using CDSL Easiest requires a digital signature certificate that costs Rs. 2,250 + taxes.
Can we transfer shares from NSDL to CDSL online?
You can transfer the shares from NSDL to CDSL by submitting the physical Delivery Instructions slip (DIS) or using the online Speed-e facility. You need to ensure to submit an Inter-depository transfer request as the transfer involves two different depositories.
How can I transfer shares from one person to another in Zerodha?
If one intends to make the transfer offline, then the person making the transfer needs to fill up the DIS slip. (to know how to get a DIS click here ). Refer to this article to know how to fill the DIS Slip. Once we receive the filled DIS, the transfer of shares will be processed within 48 hours.
How do I transfer shares to a family member?
Gifting Shares in Paper Form
You need to execute and register a share transfer deed in FORM 7B. It needs to be filled and signed by the donor. Depending on which value is higher, the face value or market value of the shares on the date of the document, stamp duty is payable at the rate of 25 paise for every 100 rupees.
Is gift deed necessary for transfer of shares?
Shares are considered as “movable property” for the purposes of the Income Tax Act, 1961, and it is not mandatory to execute a gift deed for this purpose. However, executing a gift deed will help create a legal record evidencing the transfer.
Which is better Zerodha or Groww?
While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww on the following counts: Zerodha is the pioneer of the discount broking business in India. Zerodha offers brokerage-free Equity Delivery trading. Zerodha allows to trade in Currency as well as Commodities along with Equity and F&O.
What if Groww shuts down?
In case any mutual fund brokers such as Groww shuts down, your account will still be active with the corresponding mutual fund house. This way, you can directly reach out the mutual fund house and enquire about the current status of your account and investments with them.
Is Groww registered with SEBI?
Groww has also been a registered platform with SEBI as a Stock Broker and a Depository Participant in the name of Next Billion Technology Private Limited since it was launched. It also happens to be a member of leading stock exchanges like NSE and BSE, MCX, and NCDEX.
Can I have 2 demat accounts?
You can open multiple Demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one Demat account with the same DP. You can open a second Demat account with the same DP, but with a different combination of account holders.
Which is best Upstox or Zerodha?
Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers. Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
Which broker is best for demat account?
14 BEST Demat Account In India [2022 RANKING]
- Comparing Top Demat Trading Accounts.
- #1) Upstox.
- #2) Zerodha.
- #3) Angel Broking.
- #4) 5Paisa.
- #5) Sharekhan Demat Account.
- #6) IIFL Demat Account.
- #7) Motilal Oswal Demat Account.
Who is best stock broker in India?
Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel Broking, ICICIdirect and Groww.
- The data for this report is compiled from BSE and NSE stock exchanges.
- The best broker ranking is updated every month.
- Click on the broker name to read broker review.
Is Zerodha registered with SEBI?
Ltd. (hereinafter referred to as Zerodha). Zerodha, being a Trading Member of NSE and BSE, registered with Securities & Exchange Board of India (“SEBI”) and having Registration No. INZ000031633 for Cash/Derivatives/Currency Derivatives segments of NSE & BSE.
Who is the stock broker of Rakesh Jhunjhunwala?
Jhunjhunwala runs a privately-owned stock trading firm called RARE Enterprises. He has invested in Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, etc.
Why is Zerodha better?
Zerodha is India’s largest stock broker. It is among the best and cheapest brokers in India. Zerodha offers discount stock and commodity trading at flat Rs 20 per executed order irrespective of the size of the order. The equity delivery trades and Mutual Fund investment are brokerage free.
What are disadvantages of Zerodha?
Zerodha has low fees, it even offers free equity delivery trading. The web and mobile trading platforms are easy-to-use and well-designed.
Zerodha pros and cons.
| Pros | Cons |
|---|---|
| • Low fees | • Slow account opening process |
| • Great trading platforms | • Only Indian market covered |
| • Solid research | • No investor protection |
Which broker is better than Zerodha?
Angel Broking provides a broad range of services. Angel Broking provides research, trading ideas, and recommendations, while Zerodha is an online discount broker. Zerodha does not have its own research department. The demat AMC at Angel Broking is Rs 240.