Five questions to answer before you proceed.
The exact paperwork depends on the security, parties and Depository Participant (DP). This is not a universal mandatory-document list or a guarantee that a transaction is safe.
Which company and exact security are involved?
Record the legal company name, ISIN, share class and proposed quantity. Compare those details across the records supplied for the transaction. If a brand name differs from the legal issuer name, ask for an explanation and supporting records before treating them as the same entity.
A familiar logo or a price-list entry does not resolve an identity mismatch. Note the source and date for each identifier, and keep unresolved differences visible rather than filling gaps with assumptions.
Are the terms for this transaction in writing?
Ask for a dated confirmation that identifies the buyer and seller, security, quantity, applicable price, charges, validity and the proposed payment and transfer steps. Confirm who is responsible for each step and how changes or delays will be handled.
Keep a website quote separate from the terms for your particular transaction. Use the unlisted-share price checklist to review indicative quotes, security details, liquidity and current company information.
What dated company information are you relying on?
Collect the latest available financial statements and relevant company disclosures. Note the reporting period, source and whether a figure is audited, provisional or a management statement. If current information is unavailable, record that limitation explicitly.
Ask separately about restrictions or conditions that may affect the specific shares. A document describing a company does not by itself confirm that a particular holding can be transferred. Obtain clarification where the answer depends on company records or professional interpretation.
What transfer route and instructions apply to your DP account?
CDSL describes online instruction facilities as well as physical Delivery Instruction Slips (DIS). Ask your own DP which route and records apply to your account and transaction; do not assume another investor's forms or steps apply to you.
If using a physical DIS, CDSL advises accepting the booklet from your DP, entering the ISIN and quantity accurately, and never signing a blank or partly completed slip. Do not share passwords, OTPs or depository-service login credentials. Read CDSL's Investor Charter (last updated 5 June 2026).
What evidence will confirm each part is complete?
Before starting, agree how payment and securities-transfer completion will each be confirmed. Retain the agreed terms, payment record, instruction acknowledgement and relevant demat records. Ask your DP about the difference between an instruction being submitted and a transfer being completed.
If records do not agree, identify the unresolved step and contact the responsible party through a verified channel. A chat saying “done” should not replace reviewing the underlying records.
Questions to send before proceeding
| Question | Record or answer to request |
|---|---|
| Which security and quantity are involved? | Legal company name, ISIN, share class and transaction records |
| What terms apply to my transaction? | Dated written terms, charges and validity |
| What information am I relying on? | Dated company disclosures and reporting labels |
| Which transfer route applies? | Instructions and applicable forms from your DP |
| How will I check completion? | Agreed payment and demat-record checks |
Keep the risk in view.
Unlisted securities can be illiquid, and there may be no buyer when you wish to exit. A possible listing is not guaranteed, and you can lose part or all of your capital. This guide is educational information, not investment, legal or tax advice or a recommendation to transact.
UnlistedHub is a brand of Geincept Private Limited, which acts as a dealer in unlisted securities.
Sources and scope
CDSL Investor Charter, last updated 5 June 2026. It supports the statements on depositories, DPs, online instruction facilities, physical DIS and credential safety. The document checklist and questions on this page are editorial suggestions, not prescribed law.