What are the legal and compliance aspects of any transaction in unlisted shares?
We conduct all transactions through a Buyer/Seller Agreement, be it offline or through our tech enabled platform. The transactions are also verified by a SEBI registered Trustee for accuracy and completeness in terms of verification of demat holding, KYC details, etc. for those transactions which are to be executed through our platform.
We pay stamp duty on all transactions which are involved in transactions executed on the platform so far the same is payable on escrow agreement. The buyer and seller need to pay their stamp duty separately for the transaction executed on their set of transactions.
Please note that we do not provide legal advice or counsel to shareholders or investors. Therefore, they should evaluate the benefits and risks of this asset class and check independently on the legal and regulatory compliance as may be applicable in underlying transactions. For this, we may connect you with some experts on compliance matters which may charge their professional fee for the relevant advisory sought by the buyer or seller on any particular transaction.
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