Procedure of buying and selling shares in stock exchange market
Answer Text: Procedure of buying and selling shares in stock exchange market:Procedure of buying shares:i. Opening a CDSC account through brokerii. Filling in the purchase order form by stating the type and the number of shares to be boughtiii. The broker identifies and negotiate with the willing buyeriv. The shares are then paid for through brokers at a commissionv. Shares are then transferred and credited in the buyers CDSC accountProcedure for selling shares:i. Opening a CDSC account through brokerii. Filling in the sales order by stating the price and the number of shares to be soldiii. The buyer identifies and negotiate with the willing buyeriv. The buyer pays for the shares through the brokerv. Shares are transferred and credited in the buyer’s CDSC account with the sellers CDSC account being debited