Selling Shares in Electronic Form

      The procedure of selling dematerialized securities through any stock exchange is similar to the procedure for selling physical shares, and much simpler when compared to the selling of the physical shares.

      Immediately on the receipt of intimation of execution of trade from the broker the seller could issue instructions to the DEPOSITORY PARTICIPANT for the delivery of the security.

      After opening a DEMAT account the DP will issue a DELIVERY INSTRUCTION BOOK (DIB) to the holder, DIB is just like a cheque book. The investor can use this DIB to transfer the shares to the NSE, BSE and any other DP account.


Processing Delivery & Receipt Instructions
To settle trades done on a stock exchange (on-market trades) and trades which are directly settled between two BOs (off-market trades), BOs submit duly completed delivery instructions in the prescribed form to DP.