Introduction
Investors in unlisted shares of the National Stock Exchange (NSE) can now heave a sigh of relief as the exchange has launched a seamless transfer mechanism. From March 24, 2025, the NSE has done away with the approval-based process and moved to a Delivery Instruction Slip (DIS) mechanism, cutting down transaction delays considerably.
Major Changes & Investor Benefits:
1. No More Exchange Approval: Previously, transfers involved NSE’s approval, which resulted in delayed processing. Today, investors can transfer shares directly through the DIS mechanism.
2. Faster Transfers: The transfer duration has been reduced from 6 months to a mere 3 to 5 days, making transactions quick and hassle-free.
3. No “Fit & Proper” Check: Elimination of the manual KYC verification accelerates the process and makes compliance requirements easier.
4. Increased Liquidity: With the ease of transfers, the unlisted NSE shares market is likely to become more active, and investors will gain.
Why It Matters?
This reform aligns with SEBI’s circular dated October 14, 2024, aiming to create a more transparent and investor-friendly ecosystem for unlisted securities. The shift will boost investor confidence and encourage participation in the unlisted share market.
Conclusion
The NSE’s move to simplify share transfers is a time saver and also game changer for investors, making transactions faster and more efficient.
If you have unlisted NSE shares, now is the time to take advantage of the easier process.
As per the unlisted price, NSE shares are currently selling between Rs 1650-1750, depending upon the quantity.
Post written by:
CA ANSHUL KARWA
CA, LLB, BCA, AICA, AUTHOR
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