How do I pay-in demat shares towards my sale obligation?
You should instruct your Depository Participant (DP) to give ‘Delivery Out’ instructions to transfer the shares from your beneficiary account to the Pool Account of your trading member through whom you have sold the shares. The details of the Pool A/C(CM-BP-ID) of your trading member to which the shares are to be transferred, scrip quantity etc. should be mentioned in the Delivery Out instructions given by you to your DP.The instructions should be given well before the prescribed securities pay-in day. SEBI has advised that the Delivery Out instructions should be given atleast 24 hours prior to the cut-off time for the prescribed securities pay-in to avoid any rejection of instructions due to date entry errors, network problems etc.
