There are two ways to transfer unlisted shares.

1. DIS Slip Method

This is a method of selling unlisted shares that is done offline. This method is ideal for transferring shares from NSDL or CDSL. In this method, a DIS (Delivery Instruction Slip) is submitted to the broker, which includes the ISIN number of the shares, the buyer’s Demat Account Details such as DPID and Client ID, the name of the company, the number of shares to be transferred, and the Consideration amount.

Please keep in mind that you must pay stamp duty before completing this DIS form and submitting it to the broker. Unlisted shares cannot be transferred without the payment of stamp duty.

2. Online Method

For the shares held with CDSL, it is possible to transfer unlisted shares using the CDSL ‘Easiest’ option. All you need to do is to register on the CDSL website. Click here to register. After registering, follow the steps given. 

Please note that the transfer of shares from CDSL Easiest is possible only to a trusted Demat account. So don’t forget to add a trusted demat account before initiating a transfer of shares. And, from CDSL, the shares can only be transferred to a CDSL account.

How to add a trusted demat account?

Follow the simple steps given to add a trusted demat account.

1. Login to the CDSL account. Click here to login.
2. Now go to ‘Miscellaneous‘ and then click on ‘Edit Trusted Account‘.
3. Now enter the 16 digits Demat ID of the person to whom you want to transfer the shares.
4. Now you will receive an OTP on your registered mobile number for verification.
5. The account is approved by the broker within 24 hours and after approval, you can transfer the shares.

How to transfer shares through CDSL Easiest?

Follow the steps given to transfer the shares through CDSL Easiest.

1. Login to the CDSL account. Click here to login.
2. Now go to the ‘Transaction Tab‘ and then click on “Setup”. 
3. Now click on ‘Bulk Setup‘.
4. Select ‘Transaction‘ and enter the date of execution and also the BOID of the person to whom you are transferring the shares. On that page, select ISIN. On clicking account ISIN, you will be able to see all the ISINs of your holdings. Select the ISIN and enter the quantity and give the reason from the list given. 
5. This is a verification step. Verify it. Once you do that, a page will be opened in which you need to enter your Exchange ID, CounterParty Exchange ID, Market Type, and Counterparty Market Type. Settlement ID and Counter Settlement ID for off-market transactions. 
6. Now click on ‘Commit‘ and enter the 8 digits CDSL pin which you received on your email id when you registered on CDSL Easiest. 
7. The request will go to the broker, and he will verify that the transfer is done.