The procedure for selling dematerialized securities is very simple, as given below: - 

• If Axis Securities Ltd is your broker- then you may login to the website or call our Trade On phone desk to sell the shares through your trading a/c. The shares will be sold & securities payin will be done by ASL to Exchange based on the signed POA. Hence no need to issue separate DIS in this case. 

• If any other broker then: Once your sell order has been executed and you receive confirmation of execution of your order, you are required to provide the securities sold to your stockbroker to meet your pay-in obligation. For this purpose, you need to submit a duly filled in 'Delivery Instruction Slip' to your DP within the time frame prescribed by your DP. The DIS should contain instruction to your DP to debit your account with the number of securities sold by you and credit your broker's clearing account. Once the instruction is successfully processed by your DP, your broker will get the shares and will arrange securities pay-in to the clearing corporation. Upon receipt of (funds) payout from the clearing corporation, your broker will arrange the credit of due sale proceeds to your linked bank account.