Buying & Selling Shares

TSL Investors

Buying & Selling Shares

Why Invest in Shares?

  • Possibility of high returns in the form of dividend and capital gain
  • Shares can be mortgaged for a bank loan
  • Shares can be easily transferred to a friend or relative as a gift or inheritance
  • A chance of becoming a company shareholder - right to attend AGM and vote
  • Undisputed evidence of ownership - Depository receipt
  • Requires less administration costs and time

How to Buy Or Sell Shares/Securities

Requirements for CDS Accounts

Clients must have a CDS Account with DSE CSD. There is no fee for opening a CDS Account, and the requirements are as follows: 

 For Individual Investors:

  • Depository Account application form - Individual
  • Duly filled Client Information form plus a copy of ID/or Passport

For a Corporate/Company:

  • A copy of Certificate of Incorporation
  • Copies of Company's Directors IDs
  • A copy of MEMARTS
  • Depository Account application form - Body Corporate

Requirements for Purchasing of Shares

For Individual Investors

  • Duly filled and signed purchase order form
  • A deposit of money with Tanzania Securities
  • Duly filled client Information form plus a copy of ID or passport

For Corporate/Company

  • A duly filled and signed purchase order form
  • A deposit of money with Tanzania Securities
  • Copy of Certificate of Incorporation/Registration

Requirements for Selling of Shares

For Individual

  • Original Depository receipt submitted to the broker
  • Duly filled and signed sell order form - signed by the shareholder
  • Payment details

For Corporate/Company

  • Original Depository certificate submitted to the broker
  • Duly filled and signed sell order form-signed by company director(s)
  • Letter from the company authorizing the sale of shares

Note:

  • Brokerage commissions and Regulatory fees will be charged as per the CMSA's approved fee structure
  • Bank charges may apply for interbank transfers
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