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Message: <blockquote data-quote="giggee" data-source="post: 10236707" data-attributes="member: 75685">ow do you buy/ sell shares?1.    In the Primary market from a new issue (IPO)Shares can be purchased directly from the issuing company. The company publishes a prospectus with information about the company, financial status, future plans and the offer.To buy shares: Once you have read the prospectus carefully, you may fill up an application form to purchase the shares. You can lodge these shares directly into the Central Depository System2.    On the Secondary market through a StockbrokerThis is a market in which an investor could either buy from or sell to another investor, subsequent to the original issuance in the primary market.You must first find yourself a stockbroker /custodian bank and open a CDS account through that participant.Once they confirm your CDS account number, you can contact your broker through the following ways to trade in the secondary market.PhoneFaxPersonal visit orThe Internet You must clearly instruct your broker of theName of the companyNumber of sharesThe priceof the shares which you wish to buy or sell.A single tier settlement cycle of trade day + 3 (T+3) is adopted to settle transactions.The buyer must make payment for shares bought by the 3rd trading day after the purchase (T+3)The seller will receive payment for shares sold by the 3rd trading day after the sale (T+3)Transactions up to Rs. 50 Million - 1.02%Divided as follows:  Brokerage Fees    -    0.640% CSE Fees    -    0.084% CDS Fees    -    0.024% SEC Cess    -    0.072% Share Transaction Levy    -    0.200%</blockquote>

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