THREAD...
How to gift your loved ones with shares.
Shares gifting applies to close family members (spouse, parent, sibling or children)
1) The investor visits their stockbroker/custodian bank (CDA) and duly fills a Private transfer Form (CDS 7)
How to gift your loved ones with shares.
Shares gifting applies to close family members (spouse, parent, sibling or children)
1) The investor visits their stockbroker/custodian bank (CDA) and duly fills a Private transfer Form (CDS 7)
2) The stockbroker/custodian bank verifies the authenticity of the supporting documents, signs and returns to the client relevant copies of the Private transfer Form.
3) Where the transferor’s CDA differs from the transferee’s CDA, the transferor CDA will return the CDS 7 form
3) Where the transferor’s CDA differs from the transferee’s CDA, the transferor CDA will return the CDS 7 form
together with supporting documents to the client for onward transmission to the transferee CDA.
4) The receiving CDA reviews the details of the transfer together with supporting documents, accepts the transfer, and forwards to CDSC.
5) CDSC will then review the submitted document
4) The receiving CDA reviews the details of the transfer together with supporting documents, accepts the transfer, and forwards to CDSC.
5) CDSC will then review the submitted document
and approve/reject accordingly
6) If approved, we shall move securities from the transferor’s account to the transferee’s account
Talk to us today to learn more about our services.
6) If approved, we shall move securities from the transferor’s account to the transferee’s account
Talk to us today to learn more about our services.
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