What is a Client Master List (CML), and why do you need one?

When unlisted shares are transferred to you, they move off-market from one demat account to another. To make sure they land in the right place, the seller needs proof of your demat details. That proof is your Client Master List, or CML.

What is on a CML

• Your DP ID and Client ID, which together identify your demat account
• The names of all account holders
• PAN of each holder
• Your address and linked bank account
• The depository: NSDL or CDSL

How to get it

Most brokers let you download the CML from their website or app, usually under Profile, Account details or Reports. If you cannot find it, email your broker's support team and ask for a signed or stamped CML copy.

What to check before uploading

1. Names match your PAN and bank account exactly, including initials.
2. The account is active and not frozen or dormant.
3. The copy is recent. If you changed your bank account or address recently, download a fresh CML.

Joint accounts

If your demat account is held jointly, the shares will be credited to that account. The first holder should be the person completing KYC on Finlaunch.

Where it is used on Finlaunch

You upload your CML in the CML Manager after KYC. When you place a buy request, you pick which CML the shares should go to. Keep more than one on file if you hold several demat accounts.

A clean, up-to-date CML is the single most effective way to avoid delays in getting your shares.