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Procedure For Selling and Transfer or Deposit of Shares Into CDC

The document outlines the procedure for selling shares and transferring them to the Central Depository System (CDS) of the Central Depository Company of Pakistan Limited (CDC). It details that shareholders must first verify their signature on the transfer deed before selling or transferring shares. It then describes the process for verifying signatures, transferring physical share certificates from one person to another, and depositing share certificates into CDS by contacting a broker or CDC participant.

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349 views1 page

Procedure For Selling and Transfer or Deposit of Shares Into CDC

The document outlines the procedure for selling shares and transferring them to the Central Depository System (CDS) of the Central Depository Company of Pakistan Limited (CDC). It details that shareholders must first verify their signature on the transfer deed before selling or transferring shares. It then describes the process for verifying signatures, transferring physical share certificates from one person to another, and depositing share certificates into CDS by contacting a broker or CDC participant.

Uploaded by

punisherrulz_893239
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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PROCEDURE FOR SELLING AND TRANSFER / DEPOSIT OF SHARES INTO

CENTRAL DEPOSITORY SYSTEM (CDS) OF CENTRAL DEPOSITORY


COMPANY OF PAKISTAN LIMITED (CDC)
The shareholder / transferor / seller is required to verify his / her signature on the
transfer deed first, which enables him / her to sell / transfer the shares in favor of
some other person / deposit of shares into CDS. We give hereunder the guide
lines for both verification of signature on transfer deed and transfer / deposit of
shares into Central Depository System !CDS" of Central Depository Company of
#a$istan %imited !CDC"&

VERIFICATION OF SIGNATURE ON TRANSFER DEED :

The shareholder is required to affi' his / her signature in the column of
"Transfr!r"s / S##r"s S$%na&'r" on the transfer deed duly witnessed by any
adult national of #a$istan in first witness column !available for Transferor(s /
Seller(s Witness only" and send the same to the Company via #ostal / Courier
Service for verification of signature thereon.
TRANSFER OF PHYSICAL SHARE CERTIFICATES FROM ONE PERSON TO
SOME OTHER PERSON :
The applicants are required to send the share certificate!s" together with relevant
verified transfer deed!s" after having completed the columns of buyer / purchaser
on the transfer deed!s" duly witnessed. The buyer must affi' his / her signature
on transfer deed!s" as purchaser / buyer. #hotocopy of Computeri)ed *ational
+dentity Card !C*+C" of buyer / purchaser is also required.

+t is to be noted that the share transfer stamps are affi'ed on the reverse side of
transfer deed!s" , -../ of the face value of the shares e.g. the transfer stamps
for 0s. 1./ are required for transfer of 2.332 shares !.33'-32.333'-../21./".

DEPOSIT OF SHARE CERTIFICATES INTO CDS:

+f the shareholders desire to get the shares deposited into CDC 4ccount, they
should contact their 5ro$er / CDC #articipant / CDC +nvestor 4ccount Service for
further inquiry. +t is pertinent to mention that in case of deposit of shares into
CDC, the share transfer stamps are required to be affi'ed on the bac$ side of
transfer deeds , 3.-/ of the face value of the shares.

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