Recently I closed demat and trading account in sharekhan and opened a new account in zerodha for obvious reasons of low brokerage. During this, I have also transferred my shares from sharekhan to zerodha.
Before we start let's know some terms used while opening account.
Each broker provides you trading account and demat account.
Trading account: In the trading account, we can trade (buy or sell) shares in open share market.
We will discuss 2 ways to transfer or gift shares.
Let's go deep in these options.
Make sure for this transfer your spouse has a Demat account.
Step 1
You to initiate an off-market transaction by submitting a Delivery Instruction Slip (DIS) to your Demat account providers like Sharekhan or Zerodha.
When a company is about to go public through Initial Public Offering (IPO) they appoint the Merchant banker to do series of things.
One of those things is to determine Price band (lower and upper limit of the share price within which the company will go public) of an IPO.
