MeroShare

EDIS in MeroShare: transferring shares after you sell.

Selling on the TMS is only half the job. Until you complete the EDIS transfer in MeroShare, the shares have not moved and the trade has not settled. Miss the deadline and there is a penalty.

5 min read · Updated · 26 August 2026

The short answer

Sell on the TMS, then log in to MeroShare and complete EDIS the same day. Open My EDIS, choose Transfer Shares, open the transaction, tick the scrips, enter your transaction PIN and confirm. Update your WACC first, or the transfer will not go through cleanly.

Why this step exists at all

When you sell on NEPSE, two separate things have to happen. The trade is agreed on the trading system. Then the shares have to physically leave your demat account and reach the buyer, through your broker.

EDIS — electronic delivery instruction slip — is you authorising that delivery. It replaced the paper slip investors used to sign and hand to the broker. Nobody can move shares out of your account without your instruction, which is exactly the protection you want, and exactly why the responsibility is yours.

The clock you are working against

NEPSE settles on T+2: the trade completes two working days after it is executed. Your broker has to have the shares before that settlement runs.

In practice this means do it the same day you sell. Brokers set their own cut-offs inside the T+2 window and many ask for the transfer within one day. Waiting because “there are two days” is how people miss it.

How to do the EDIS transfer, step by step

First, make sure your WACC is updated under My Purchase Source. The system needs your cost price to compute the tax deducted at settlement. See the WACC guide if you have not done this.
Log in to MeroShare.
Open My EDIS from the left menu.
Choose Transfer Shares. Your recent sale should be listed. Click View Details.
Tick the scrips and quantities you are transferring.
Click Proceed, tick the declaration, enter your transaction PIN and confirm.
Check the status. A completed transfer shows as transferred rather than pending. If it still says pending, it is not done.

What it costs to forget

If the shares do not arrive, your broker still has to settle the trade with the buyer, and has to find the shares elsewhere to do it. You pay for that. Brokers commonly charge a penalty in the region of 20% of the transaction value, and your account can be blocked from further trading until the matter is closed.

Exact penalties and cut-off times vary between brokers, so read what yours publishes. The principle does not vary: the deadline is real and the charge is large relative to the two minutes the task takes.

Common mistake to avoid

Assuming the sale is finished because the TMS said it executed. The trading system confirms the trade, not the delivery. Two different systems, two different actions. Until MeroShare shows the transfer as complete, you still have a job open.

Pro tip

Do the whole sequence in one sitting: check the holding period, update the WACC, place the sell order, complete the EDIS. Treat it as a single task rather than four, and the deadline never becomes a problem. Before you sell at all, it is worth knowing what you will actually receive — our sell calculator shows the commission, SEBON fee, DP charge and capital gains tax before you commit, and the portfolio tracker tells you how many days remain until a holding turns long-term.

Common questions

Answered plainly.

What is EDIS in MeroShare?

EDIS stands for electronic delivery instruction slip. It is the step that actually moves the shares you sold out of your demat account and into your broker's account so the trade can settle. Selling on the TMS creates the trade; EDIS delivers the shares. Without it the sale is agreed but not completed.

How long do I have to complete EDIS after selling?

Treat it as same day, and at the latest by the deadline your broker gives you, which is normally the next day. NEPSE settles on a T+2 basis, so the shares have to be with the broker in time for settlement. Brokers set their own cut-offs inside that window, so check what yours says rather than assuming you have the full two days.

What happens if I miss the EDIS deadline?

Your broker has to source the shares another way to settle the trade, and you are charged for the failure. Brokers commonly apply a penalty in the region of 20% of the transaction, and you can also be barred from trading until it is settled. It is entirely avoidable with a two-minute task, which is what makes it such a frustrating charge to pay.

Do I need to update WACC before EDIS?

Yes. The system needs your cost price to work out the capital gains tax deducted at settlement, and that comes from your WACC under My Purchase Source. Set the WACC first, then do the EDIS transfer. Doing it in the other order, or skipping the WACC, is the usual reason a transfer stalls.

Can I do EDIS from my phone?

Yes. MeroShare works in a mobile browser and the EDIS screens are the same as on desktop. You will need your transaction PIN, so keep it to hand. Many people sell through the TMS on a laptop and then complete the EDIS on a phone later the same day.

Why does the transfer say there is nothing to transfer?

Usually because the trade has not reached MeroShare yet. There is a short delay between the TMS confirming your sale and the transaction appearing under My EDIS. Wait, refresh, and check you are looking at the right demat account if you manage more than one.