As per SEBI guidelines, w.e.f 30-Dec-23, all the off-market transactions will be executed only if the Buyer’s Demat Account is added as the beneficiary under the Seller’s Demat Account.
Here is an online method a seller can register a buyer’s account as a beneficiary:
a. Login to your Easi/Easiest Account
b. Initiate registration using the below steps:
Step 1: Log in to CDSL Easiest page (https://web.cdslindia.com/myeasitoken/Home/Login)
Step 2: You must register for Easiest to add the Buyer beneficiary demat account.
Step 3: Enter username & password.
Step 4: Go to Transaction -> Click on BO Linking -> BO Linking setup
Step 5: Add the respective Buyer Beneficiary demat account and PAN details and click on submit.
Step 6: You will now receive an option to either ‘OTP Authentication’ or ‘Cancel’ the registration
Step 7: If you select ‘OTP Authentication,’ you will receive an OTP on your registered mobile number and email address
Step 8: Enter the OTP, and the registration will be complete
Step 9: Angel One will approve your request within the stipulated time.
Step 10: After Angel One and CDSL approval, you can execute the off-market/inter-depository transaction.
Step 11: Now, verify the buyer details displayed on the screen.
Refer: CDSL Circular
