Advertisements
Advertisements
प्रश्न
Study the following case/situation and express your opinion.
Mr. Z holds 100 shares of Peculiar Co. Ltd. in Physical mode and wishes to convert the same in electronic mode :
- Mr. Z holds a Saving Bank Account with CFDH Bank Ltd. Can he deposit his shares in this account for Demat?
- What type of account is needed for the same?
- Is it the RBI which will be the custodian of shares of Mr. Z after demating?
Advertisements
उत्तर
- No, Mr. Z cannot deposit his shares in his bank account for demat.
- A demat account is required for converting physical shares into electronic holding.
- No, RBI will not be the custodian of the shares of Mr. Z. The depository i.e. NSDL or CDSL will be the custodian of shares of Mr. Z after demating.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
There is no payment of ______ when securities are demated.
Write a word or a term or a phrase which can substitute the following statement.
This system eliminates storing of certificates.
Write a word or a term or a phrase which can substitute the following statement.
The registered owner of securities.
Transfer of securities is easier in electronic mode.
State whether the following statement is true or false.
DRF is required for conversion from physical to electronic.
Find the odd one.
Complete the sentence.
Freezing of debit/credit of securities is possible in ______.
Select the correct option for the following.
____________ Rematerialisation
Correct the underlined word and rewrite the following sentence.
Securities are fungible in Physical mode.
Study the following case/situation and express your opinion.
Mr. R holds 100 shares of Peculiar Co. Ltd. in Demat mode:
- He wants to transfer one share each to his wife, daughter, and son. Can he do so?
- Does he need to submit DRF or DIS if he wants to transfer his shares?
- Can he nominate his wife in his Demat account?
Explain disadvantages of physical mode of holding securities.
