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प्रश्न
Mr. Kishore wants to demat his 25 shares of Hero Company Ltd. bearing certificate no. 100 and distinctive no. 76-100:
- Which form is he required to fill as a written request to the DP-DRF or RRF?
- Does he have to fill instrument of transfer if he wishes to transfer the same after demat?
- Does he have to quote certificate number and distinctive number, if he wishes to transfer his shares after it is in demat form?
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उत्तर
- Mr. Kishore has to fill the ‘Demat Requisition Form’ (DRF) as a written request to the DP.
- After demat, if he wishes to transfer the shares, he does not have to fill the instrument of transfer. However, he will have to submit a delivery instruction slip (DIS) to the DP.
- The securities in demat form are fungible. They do not have any certificate no. or distinctive no. So, Mr. Kishore does not have to quote any such number after the shares are converted in demat form.
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संबंधित प्रश्न
Dematerialisation and Rematerialisation
Demated shares are ______.
Write a word or a term or a phrase which can substitute the following statement.
This process converts securities into electronic form from physical form.
Write a word or a term or a phrase which can substitute the following statement.
This process converts securities into physical form from electronic form.
Write a word or a term or a phrase which can substitute the following statement.
This means securities are without distinctive identity number.
State whether the following statement is true or false.
ISIN is a unique code given to the specific securities.
Select the correct option for the following.
Fungibility ____________.
Answer in one sentence.
What is Dematerialisation?
Answer in one sentence.
What is Rematerialisation?
Correct the underlined word and rewrite the following sentence.
Depository Participant in India has to register under the partnership act.
Arrange in proper order.
- Gets Statement of Accounts
- Open Demat Account
- Submit DRF
Arrange in proper order.
- Investor (BO) submits an application for securities to the issuer company.
- Depository intimates the DP about crediting BO's Account.
- Issuer company gives details of allotment to Depository.
Explain the following term/concept.
Rematerialization
Explain the following term/concept.
ISIN
Distinguish between the following:
Dematerialization and Rematerializotion
Explain the constituents of Depository system.
