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Question
Correct the underlined word and rewrite the following sentence.
Storage of Certificates is not required in Physical mode of holding.
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Solution
Storage of certificates is not required in electronic/depository mode of holding.
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RELATED QUESTIONS
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.
Bad delivery is likely in Depository System.
Find the odd one.
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. 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?
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.
