How to gift shares in Motilal Oswal mobile app?

Another feature of Motilal Oswal is that you can gift or transfer your shares (as defined by the Income Tax Act). This transfer of shares can be made from one demat account to another demat account.

For such a transfer, you must initiate an off-Market Transaction. This is a settlement between two parties that occurs without the involvement of the stock exchange.

To do this, you must submit a delivery instruction slip (DIS) to your demat account provider, who will then transfer the shares from your demat account to the demat account of the other person to whom you wish to gift the shares online.

DIS shall contain the following details:

• Name of the person receiving the gift of shares
• Details of the donee's (the person receiving shares) account
• Details of shares to be transferred/gifted
• Company's ISIN number
• The amount involved in such transfer of shares as a gift

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