In India, there are two central securities depositories that manage the electronic storage and transfer of securities, namely the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL). Off-market transfers refer to transactions that occur between two parties outside the stock exchange. These transfers are usually carried out for purposes such as off market sale, exit offer, gifting, family transfers, or transferring shares between two Demat accounts held by the same person. Off market Annexure is mandatory to be filled and submitted along with DIS in case the reason of the share transfer is off market sale.
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NSDL Off-Market Transfer Procedure
To initiate an off-market transfer with NSDL, follow these steps:
Obtain the Delivery Instruction Slip (DIS) and off market annexure from your Depository Participant (DP).
Fill in the necessary details, such as the target DP ID, the target Client ID, the International Securities Identification Number (ISIN) of the securities to be transferred, and the quantity of shares.
Specify the purpose of the transfer as "Off-Market."
Sign the DIS and submit it to your DP before the specified deadline.
Ensure that the target account holder submits a duly filled Receipt Instruction Slip (RIS) to their DP to accept the transferred shares.
CDSL Off-Market Transfer Procedure
The off-market transfer process with CDSL is similar to that of NSDL:
Obtain the Delivery Instruction Slip (DIS) and off market annexure from your Depository Participant (DP).
Fill in the required details, such as the target DP ID, the target Client ID, the International Securities Identification Number (ISIN) of the securities to be transferred, and the quantity of shares.
Specify the purpose of the transfer as "Off-Market."
Sign the DIS and submit it to your DP before the specified deadline.
Ensure that the target account holder submits a duly filled Receipt Instruction Slip (RIS) to their DP to accept the transferred shares.
NSDL Off-Market Annexure
The NSDL off-market annexure is a document that serves as an attachment to the Delivery Instruction Slip (DIS). It provides additional details about the off-market transaction, such as the purpose of the transfer, the relationship between the transferor and the transferee, and the transfer price (if any). This annexure must be filled out, signed, and submitted along with the DIS to your DP. Most of the NSDL off-market annexure are available on this page & can be downloaded free.
CDSL Off-Market Annexure
Similar to the NSDL annexure, the CDSL off-market annexure is a document that accompanies the Delivery Instruction Slip (DIS) for off-market transactions. It captures additional details about the transfer, such as the reason for the transfer, the relationship between the transferor and the transferee, and the transfer price (if any). This annexure must be filled out, signed, and submitted along with the DIS to your DP. Most of the NSDL off-market annexure are available on this page & can be downloaded free.
At WWIPL, we understand the importance of having access to the right information for making informed investment decisions. That's why we have compiled and uploaded PDFs of off-market annexures for various listed depositories, ensuring that our valued investors can access this crucial information with ease and convenience.
Free Access to Off-Market Annexures
We believe in empowering our investors with the resources they need to succeed in the financial markets. As part of our commitment to providing unparalleled service, we offer you the opportunity to download these off-market annexures free of charge. This means that you can access essential information about your desired depositories without any financial barriers.
Easy-to-Find Depositories
Our website is designed with user-friendliness in mind, allowing you to quickly locate and download the off-market annexures for your preferred depositories. Simply search the name of depository and start downloading the required documents in a matter of seconds.
Personalized Assistance
In case you don't find the off-market annexure for your desired depository, don't worry! Our dedicated team is always ready to help you. Feel free to call, write or WhatsApp us with your request, and we will do our best to arrange the missing annexure for you as soon as possible.
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Experience the WWIPL difference by downloading your off-market annexures today. We are confident that you will find our platform to be an invaluable resource for your investment journey. Don't hesitate to reach out to us for assistance or to learn more about our other services. Together, let's achieve financial success!
Some most Frequently asked questions (FAQ) on Off market share transfer and off market annexures
What is an off-market share transfer?
An off-market share transfer is a process in which shares are transferred between two parties without the involvement of the stock exchange. This type of transfer typically takes place through a private agreement between the buyer and the seller, outside the regular trading platform.
What is an off-market annexure?
Along with DIS an off-market annexure is a document required during the off-market share transfer process in India. It contains crucial information, such as the details of the buyer and seller, the number of shares being transferred, and the agreed-upon price. This document is submitted to the respective depository participants to facilitate the transfer of shares.
What is the procedure for an off-market share transfer?
The off-market share transfer procedure in India involves the following steps:
The buyer and seller agree on the terms of the share transfer, including the price and number of shares.
Both parties fill out and sign the off-market annexure form.
The seller submits the completed annexure form to their depository participant, along with a valid DIS (Delivery Instruction Slip) or a receipt instruction.
The buyer submits the annexure to their depository participant with a receipt instruction.
The depository participants of both parties coordinate the transfer, and the shares are moved from the seller's account to the buyer's account.
What are the charges associated with off-market share transfers?
Off-market share transfer charges may include fees levied by the depository participants for facilitating the transfer and any applicable taxes. These charges can vary depending on the depository participants and the value of the transaction. It's essential to consult with your depository participant to understand the specific charges that may apply.
Are there any restrictions on off-market share transfers?
Off-market share transfers are subject to certain restrictions and regulations imposed by the Securities and Exchange Board of India (SEBI). For example, off-market transfers between promoters or between promoters and the public may be subject to additional scrutiny, disclosure requirements, or other regulatory measures.
How long does it take to complete an off-market share transfer?
The time required for an off-market share transfer may vary depending on the efficiency of the depository participants involved and the completion of the required documentation. Generally, the process can take anywhere between same day to 10 working days.
Can non-residents participate in off-market share transfers in India?
Yes, non-residents can participate in off-market share transfers in India. However, they must comply with the guidelines and regulations set forth by the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA).
Can I transfer shares of an unlisted company through an off-market transaction?
Yes, you can transfer shares of an unlisted company through an off-market transaction. However, the process and documentation may differ from those of listed companies. It is recommended to consult a professional or legal advisor for specific guidance.
Is stamp duty applicable on off-market share transfers?
Yes, stamp duty is applicable on off-market share transfers. The rate of stamp duty varies across states in India and is calculated based on the transaction value. Both the buyer and seller are responsible for ensuring that the appropriate stamp duty is paid.
Can I cancel or modify an off-market share transfer request?
Once the off-market annexure form and related documents have been submitted to the depository participants, it may be challenging to cancel or modify the transfer request. It is essential to double-check all the details before submitting the documents to avoid any issues. However, if you need to make changes or cancel the request, you should contact your depository participant immediately for assistance.
How can I Cancel off-market share transfer request?
Once the off-market annexure form and related documents have been submitted to the depository participants, you will receive a link from NSDL or CDSL, if you do not want to transfer the shares, you can ignore the link and OTP verification process.
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INTIGRATED off market annexure NSDL
ISS ENTERPRISE LIMITED off market annexure CDSL
J K Securities off market annexure NSDL
J M Financial Services Limited off market annexure NSDL CDSL
Jainam Share Consultants Pvt Ltd off market annexure NSDL CDSL
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KARUR VYSYA BANK off market annexure NSDL
KIFS Trade Capital Pvt Ltd off market annexure NSDL
KOTAK MAHINDRA BANK off market annexure NSDL
KOTAK SECURITIES OFF MARKET ANNEXURE NSDL
LSC SECURITIES LIMITED off market annexure CDSL
Mansukh Securities and Finance Limited NSDL
MARWADI Shares and Finance off market annexure NSDL CDSL
Monarch Networth Capital Limited off market annexure for NSDL CDSL
MOTILAL OSWAL OFF MARKET ANNEXURE CDSL
NINESTAR Broking off market annexure CDSL
NJ India Invest Off Market annexure for CDSL
NSDL revised off market transfer reason code dated August 3,2019
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Parasram holdings pvt ltd Off market annexure NSDL
PHILIP CAPITAL INDIA PVT LTD off market annexure NSDL CDSL
PHILIP CAPITAL off market annexure NSDL
PRABHUDAS LILADHAR off market annexure cdsl
PRAVIN RATILAL SHARE AND STOCK BROKERS off market annexure NSDL
R WADIWALA Securities Pvt Ltd CDSL off market annexure