How to Sell Holdings using E-Dis

As a trading and Demat account holder, whenever you buy shares from Stock Exchanges for Delivery, the shares are transferred to your Demat account with SAMCO. However, at the time of selling a consent is required from the Demat Account holder for the transfer of shares from the Demat Account to the exchanges to complete the transaction. This Consent for outward movement of shares can be in 2 ways;

  1. One-time Power of Attorney (POA) or
  2. Using Online Delivery Instruction Slip (DIS) to give consent every single time before selling the shares.

 

What is a Power of Attorney?

Power of Attorney (POA) is a Limited Purpose authorization document that is used for the transfer of Shares from a Clients Demat account to the Exchanges at the time of selling of shares for settlement. It’s a voluntary document. Without providing the POA also one can continue trading in F&O, Intraday equity and buying equity shares but it is recommended to give POA for easing the process of Selling Equity Shares and give delivery to the exchanges.

Power of Attorney is required to be filled, signed, and submitted as a physical copy to our office – Samco Securities Limited, A-302, 3rd Floor, Naman Midtown-A Wing, Senapati Bapat Marg, Elphinstone Road, Mumbai-400 013.

Online Delivery Instruction Slip (DIS)

Since the accounts are opened online without any documents, many clients have not been able to send the POA to us yet. For them, we have provided an alternate platform. Before placing any sell order, a customer needs to first provide the consent for transferring the shares by performing a validation process with the Depository CDSL through our Back Office – Samco Star. The steps to perform the validation through the Online DIS Process is as follows:

  1. Login to our Back Office – Samco Star using the Client ID & Back Office Password
  2. Now go to Portfolio and select Holdings
  3. Here, you will see the shares that are held in your Demat account. Now, click on ‘Place Sell Request’
  4. In the next window, enter the quantity to sell and click on Submit.
  5. Here, you will have to authenticate yourself either through an OTP, 4-digit M-pin, or Year of Birth in YYYY format and click on submit.
  6. Next, click on “Continue to CDSL” button. You can also regenerate the T-Pin from here.

For first time users, click on “No, Generate” and you will receive the CDSL T-pin through an SMS. If you have already generated a T-Pin click on “Yes, Continue”.

  1. Now, you would be redirected to the CDSL website. Here you need to enter the 6 digits CDSL T-Pin and click on “Verify”.
  2. Now enter the OTP received on your registered email id and mobile number and click on “Verify”. Please verify the Share and Quantity. In case you wish to regenerate the OTP you can click on the respective option.
  3. Now you would be redirected back to the Back Office – Samco Star. You can sell your holdings after 30 minutes through Stock Note or Samco Trader.

Please note: The request will have to be placed for each stock separately and would be valid for the same trading day. Share transfers can also be done through physical DIS which needs to be filled at submitted to Samco Office.

In case you have any questions or need any help, email us at support@samco.in or can raise a ticket on https://www.samco.in/support, our executive will resolve your query.

28 Comments

    1. Shivakumarswamy R M

      Client id DS50662 equity share selling sir market analysis selling moment I am desired please my accepted sir

      1. Team Samco

        Hello Sir,

        Our records indicate that you spoke with one of our executives today, we hope that a complete resolution was provided to you by them. Also, kindly check your email id for the POA form. Once received, fill the form & courier it to our office address: 1004 – A, 10th Floor, Naman Midtown – A Wing Senapati Bapat Marg, Fitwala Rd, Mumbai, Maharashtra 400013

        For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

        Looking forward to serving you soon.

        Thanks & regards,
        Team Samco

    1. Team Samco

      Dear Customer,

      With regards to your query, we’d request you to kindly raise a support ticket on https://www.samco.in/support & you shall get a call from our executive soon.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

  1. V.s.Guruswamy

    I have sent my POA by courier. I was never told that i will be able to sell only after you received my POA by courier..my time got wasted in trying to srll. Your help line number is waste. It says wrong number. Please check and rectify. Absolutely ZERO support for customers from Zeroda. Dont make our experience painful.
    Nobody bothered yo tslk to me.
    V s Guruswamy

    1. Team Samco

      Dear Sir,

      We’d like to inform you that your account is opened with Samco Securities Ltd. Kindly share the tracking id of the courier, we’ll look into it & provide the resolution as soon as possible.

      For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

      1. DB33728...CLIENT CODE

        I had submitted the physical documents through DTDC courier ( docket no. A46842946 )which was delivered to your office as confirmed by me on phone. Written no. of mails too, in this connection but no proper reply and confirmed Client Master report is not yet received. What to do? Please reply. I am not able to trade further due to your non confirmation and conversion of account from e-samco to regular account.

        1. Team Samco

          Hello Sir,

          Thank you for reaching out to us!

          We’d like to inform you that our team looking into this matter, they shall get in touch with you & provide the required resolution soon.

          For any other queries/information, you can mail us at support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

          Looking forward to serving you soon.

          Thanks & regards,
          Team Samco

    1. Team Samco

      Hello Sir,

      Thank you for reaching out to us!

      We have forwarded your requirement to the concerned department, they shall assist you with the POA & Acknowledgment document.

      For any other queries/information, you can mail us at support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

  2. Lalit Sarfare

    Hello Team,

    I have also submitted the POA form on 17th Feb, 2021 and on 26th Feb , 2021.

    I am not able to trade further due to your non confirmation and conversion of account from e-samco to regular account.

    Assistance will be appreciated!

    1. Team Samco

      Hello Sir,

      Thank you for reaching out to us!

      Our team is looking into your query & we shall get back to you with the resolution soon, we request you to kindly wait for some time.

      For any other queries/information, you can raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

  3. KETANKUMAR BALDEVBHAI PATEL

    Dear sir,

    We wish to inform you my samco DP ID closed and my holding equity Transfer from my samco DP ID to my zerodha DP ID of my wife.

    Please guide us to proceed further.

    1. Team Samco

      Hello Sir,

      Thank you for reaching out to us!

      With regards to your query, we have raised a support ticket on your behalf. Our concerned department shall get in touch with you soon.

      For any other queries/information, you can mail us at support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

  4. Kiran kumar g

    I have sent the poa a form in mail but also am not able to sell or buy the shares.
    Please tell me what to do

    1. Team Samco

      Hello Sir,

      With regards to your query, we have raised a support ticket in the concerned department. They shall get in touch with you & provide the required resolution as soon as possible.

      For any other queries/information, you can mail us on support@samco.in, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

  5. siddhant gadhe

    I am not getting a release for sell request option
    it is showing pledge and unpledge
    I want to sell my shares quickly
    plz respond

    1. Team Samco

      Hello Sir,

      Our records indicate that you spoke with one of our executives in the morning. We hope that a complete resolution was provided to you by them.

      For any other queries/information, you can mail us at support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

    1. Team Samco

      Hello Mr. Gupta,

      With regards to your query, we’d like to inform you that your POA process has been completed.

      For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

  6. Jeevitha

    Hi can you send me the POA. Have raised multiple requests but no response.

    1. Team Samco

      Hello Ma’am,

      With regards to your query, we shall assist you with the POA & Acknowledgment form soon.

      For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

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