A Delivery Instruction Slip (DIS) is a physical form used by demat account holders to transfer shares or securities from their demat account to another. It contains important details such as the sender’s and receiver’s BO ID (demat account number), the ISIN of the securities, the quantity of shares, and the reason for transfer (e.g., off-market trade, gift, or broker change). DIS is typically used for off-market transactions, share gifting, account transfers.
To fill a Delivery Instruction Slip (DIS) for share transfer, follow these steps carefully:
1 – Start by entering your BO ID (Beneficiary Owner ID), which is your 16-digit demat account number.
2 – Next, fill in the date and select the type of transfer—usually “Off-Market Transfer” for personal share transfers.
3 – Then, enter the ISIN (International Securities Identification Number) of the security you want to transfer—this uniquely identifies the stock or mutual fund. In the next column, mention the Company Name corresponding to the ISIN.
4 – After that, enter the quantity of shares to be transferred. In the Counterparty BO ID section, fill in the 16-digit demat account number of the recipient (the person or broker receiving the shares).
5 – Mention the counterparty’s name and select the reason for transfer, such as “Gift,” “Off-market Sale,” or “Transfer to own account.” Leave the settlement instruction fields blank unless specifically instructed by your DP.
6 – Finally, sign the DIS at the bottom, exactly matching your signature on record with the Depository Participant (DP).
7 – Once filled, submit the DIS to your broker or DP in person or via their prescribed process.
8 – Make sure to double-check all details, as errors can lead to rejection of the request.
The DP ID (Depository Participant ID) and Client ID play a crucial role in identifying and executing share transfers in a demat account.
The DP ID is an 8-digit number assigned to your Depository Participant by the depository (CDSL or NSDL). The Client ID is an 8-digit number that uniquely identifies your account under that DP. When combined, the DP ID + Client ID forms your 16-digit demat account number, also known as the BO ID (Beneficial Owner ID). This number is essential in any share transfer process, as it tells the depository exactly from which account to debit the shares and to which account to credit them. In a DIS (Delivery Instruction Slip) or during an online transfer (like via CDSL Easiest), you need to correctly mention both your and the recipient’s DP ID and Client ID to ensure the shares are transferred to the right account. Incorrect IDs can result in failed or misdirected transfers.
Yes, you can do a digital transfer of shares, a physical DIS is not mandatory in many cases. If your demat account is with CDSL, you can use the CDSL Easiest online portal to transfer shares electronically. This allows you to avoid paperwork and transfer shares securely from one demat account to another, including to another broker or individual. Similarly, if your account is with NSDL, you can use their Speed-e platform. However, to use these digital options, you need to register for the facility in advance. Once approved, you can initiate and authorize share transfers online without using a DIS.
To transfer shares from a CDSL demat account to an NSDL demat account offline, you’ll need to follow the Inter-Depository Transfer process using a physical Delivery Instruction Slip (DIS). Here’s how to do it:
1 – Collect the CMR Copy from NSDL Account:
2 – Obtain the DIS Booklet from CDSL DP:
3 – Fill the DIS Form Carefully
4 – Sign the DIS: Make sure the signature matches the one on record with your CDSL DP.
5 – Submit the DIS to Your CDSL DP
6 – Wait for Processing: The DP will verify and process the transfer request.
When a shareholder dies without a nominee, transferring their shares involves a legal process, especially if the shares are in a private company or public listed company. The process typically involves proving legal ownership and obtaining necessary approvals.
Required Documents:
1 – Death Certificate – Original or notarized copy.
2 – Succession Certificate / Probate / Letter of Administration – To prove legal heirship.
3 – Application for Transmission of Shares – Request to transfer shares.
4 – Affidavit & Indemnity Bond – Legal declaration and liability protection for the company.
5 – Legal Heir Certificate (if needed).
6 – ID & Address Proof of Legal Heirs – e.g., Aadhaar, PAN, Passport.
7 – Original Share Certificates – For physical shares.
8 – No Objection Certificate (NOC) – From other legal heirs (if shares go to one person).
9 – KYC Documents of Claimant(s) – As per SEBI norms.
