KuberGrow Team From March 24, the National Stock Exchange (NSE) will ease the transfer of its unlisted shares, allowing them to be freely transferable through the Delivery Instruction Slip (DIS) mechanism. This change will drastically reduce transfer times from the earlier six-month process to only 3-5 days.
Earlier, the transfer of NSE shares involved a two-stage verification process, a manual Know-Your-Customer (KYC) verification and a “fit and proper” test—both of which resulted in inordinate delays. In the new system, these verifications will be done by depositories that already have investor records, so the process will be quicker and more efficient.
This adjustment should increase liquidity within the unlisted share market as well as settle investor apprehension regarding extended waits for transferring shares.
