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Question
Explain the following term/concept.
Rematerialization
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Solution
The process of conversion of electronic holding of securities into physical certificates is called as rematerialization. The client has to submit the Remat Request Form (RRF) to the DP. The DP forwards the RRF to the issuer and the depository. The issuer prints the certificates and sends them to the client and simultaneously confirms the acceptance of remat request to the depository. The depository via the DP debits accounts of the client with those securities.
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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?
