What are the common reasons for an off-market transfer of securities?

• Off-market transfers are used for various non-exchange transactions between Demat accounts. Here are some common reasons for off-market transfers:
  1. Off-Market Sale/Purchase: Transferring securities for a private sale or purchase.
  2. Transfer to Own Account(s): Moving securities between your Demat accounts.
  3. Buy-Back or Open Offer Acquisition: Transferring shares for a company’s buy-back or an open offer.
  4. Margin Transactions: Providing or returning margin to/from a stockbroker or clearing member.
  5. Refund of Securities by IEPF Authority: Recovering securities from the Investor Education and Protection Fund (IEPF).
  6. Transfer between Family Members: For gifting or transferring securities among specified family members (e.g., parents, siblings, spouse, children, etc.).
  7. ESOP or Employee Transfer: Transferring shares as part of Employee Stock Ownership Plans (ESOP).
  8. Transfer between Minor and Guardian Accounts: Moving securities between a minor’s account and their guardian’s account.
  9. Payout for Unpaid Securities: Settling dues for unpaid securities.
  10. Implementation of Government/Regulatory Orders: Complying with legal or regulatory directions.