National Stock Exchange (NSE) Unlisted Shares
Shares of NSE can now be easily and quickly transferred between shareholders
Money Control
2 min read
NSE Shares are now easily and quickly transferred between shareholders.
Expert Analysis :
Faster NSE Share Transfers: NSE shares, which previously took months to transfer, can now be transferred in under a week as ISIN status changes to ‘defreezed’ with effect from today.
High Demand for NSE Shares: As India’s largest stock exchange and the global leader in derivatives trading, NSE shares remain highly sought-after in the unlisted market.
Simplified Transfer Process: NSE shares can now be transferred via the Delivery Instruction Slip (DIS) mechanism, eliminating the Stage I and Stage II application process.
Automated Monitoring & Verification: CDSL will now track NSE shareholding based on PAN, automating KYC and other verifications through the DP account.
Enhanced Regulatory Checks: CDSL will verify pending regulatory actions via PAN, while NSE will continue conducting ‘fit & proper’ checks as per regulatory norms.
Cost Savings & Ownership Compliance: The new process reduces transfer costs by eliminating unnecessary formalities and ensures broker, associate, and agent ownership stays within the 49% limit through depository data sharing.
Transfer Delays Due to High Demand: NSE’s RTA faced a heavy burden of ‘fit & proper’ checks, leading to complaints about the slow share transfer process.
Surging NSE Shareholders: The number of NSE shareholders rose from 1,941 (Dec 2021) to 11,274 (Dec 2023) to nearly 20,500 (Dec 2024), reflecting strong demand.
Faster, automated NSE share transfers enhance liquidity, cut costs, and ensure compliance—benefiting investors, including One MobiKwik Systems.
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