Posted inr/NepalStock

I sold my share and didn’t transfer.. now what?

3 Comments
I sold my share and didn’t transfer.. now what?

I sold 10 units of share and couldn’t transfer due to busy schedule at work(Work in abroad)
It’s been 18 days…. Now what happens? Please guide me

P.S. also prime commercial bank changed its account number so it was a hassle

View on r/NepalStock by CoolPotatoDude12

Topics Covered in this post:
didnt | transfer | Trading/Settlement/Payment | Share | sold
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3 Comments

  3. Avatar of Maleficent_Owl9248 Maleficent_Owl9248
    Reply
    October 18, 2023,

    The deal will be cancelled and you will have to pay 20% of deal value as compensation/penalty for non delivery. You pay to your broker and they pricess the rest. Its just a massive non-sensical loss.

  4. Avatar of Comprehensive-Let738 Comprehensive-Let738
    Reply
    October 18, 2023,

    The fine will be charged 20% of the selling amount if the stock was not transferred within 2 days after the transaction.

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