SELLER FAQs
1.
What are the costs of facilitating a transaction on SharesVault?
A
Every transaction will be charged on SharesVault at 4%. Price shown to buyers already includes this charge.
2.
How do I sell shares on SharesVault?
A
Once any buyers send request on your post and your approve it, SharesVault representative will contact you for Shares
certificate delivery.
certificate delivery.
3.
How does the transactional process work?
A
Once seller approves buyer post an Escrow Agreement will be sent to sign to both the parties (One after another). Once
SharesVault receives completely signed Escrow Agreement, it will setup an Escrow Account with Bank to facilitate trans
action where Buyer will deposit purchase amount and Seller will deposit Share Certificate.
SharesVault receives completely signed Escrow Agreement, it will setup an Escrow Account with Bank to facilitate trans
action where Buyer will deposit purchase amount and Seller will deposit Share Certificate.
4.
Are there any qualifications a person must have to post shares to sell?
A
Person should be sufficiently familiar with risk associated with Share transaction.
5
Are there any minimum amounts required for transaction?
A
Yes, transaction amount should be at least 2,00,000 Rs. excluding transaction charge which is 4%.
6.
What if the company whose shares I want to sell is not listed on SharesVault?
A
In this scenario, go to ‘Nominate Company’ and fill all necessary details. We will contact company and ask them to get
registered on our platform. Company needs to satisfy SharesVault criteria and also needs to pass through due diligence
to get registered.
registered on our platform. Company needs to satisfy SharesVault criteria and also needs to pass through due diligence
to get registered.
7.
Can a Seller see the Buyer's identity prior to signing a 'Post to Buy'?
A
SharesVault doesn’t disclose identity of buyer or seller.
8.
What if I change my mind after I enter into an agreement with a Buyer?
A
Once buyer agrees to buy shares by agreeing on Seller post, Escrow arrangement will be done by SharesVault. Once
Escrow Agreement signed by both buyer-Seller, transaction can’t be reverted.
Escrow Agreement signed by both buyer-Seller, transaction can’t be reverted.
9.
What if I want to sell fewer shares than the stock certificate represents?
A
You can sell fewer Shares than the stock certificate represents as after transaction company will issue new certificate to
seller mentioning remaining share.
seller mentioning remaining share.
10.
How do I know the Buyer really has the money to pay for my shares?
A
Once seller approves buyer post an Escrow Agreement will be sent to sign to both the parties (One after another). Once
SharesVault receives completely signed Escrow Agreement, it will setup an Escrow Account with Bank to facilitate trans
action where Buyer will deposit purchase amount and Seller will deposit Share Certificate. If one of them fails to provide
necessary stuffs than transaction failed.
SharesVault receives completely signed Escrow Agreement, it will setup an Escrow Account with Bank to facilitate trans
action where Buyer will deposit purchase amount and Seller will deposit Share Certificate. If one of them fails to provide
necessary stuffs than transaction failed.
11.
What if I want to sell some of my shares at different prices?
A
One can sell shares at different prices by putting different posts. Different prices can’t be set in single post.
12.
How do I know what a fair price is for the shares? Can I rely on the information presented on SharesVault?
A
SharesVault is not an adviser and provides no investment advice of any kind to Buyers or Sellers. Seller only needs to
determine the price of shares he/she wants to post. SharesVault makes no effort to confirm the accuracy or complete
ness of any of this information.
determine the price of shares he/she wants to post. SharesVault makes no effort to confirm the accuracy or complete
ness of any of this information.
13.
What responsibility or liability does SharesVault have for the transaction?
A
SharesVault is just disclosure platform and has no responsibilities or liability between Buyer and Seller transactions.