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NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Dematerialisation

Mr. Raghavan holds physical share certificates of an Indian listed company and wants to convert them into electronic form. Which document must he submit to his Depository Participant along with the certificates to start the process?

The investor must submit a Dematerialisation Request Form (DRF) with the physical share certificates to the Depository Participant. This form starts the conversion of physical securities into electronic form. Other forms such as delivery instruction slips apply only to securities already held in demat form.

  1. ADematerialisation Request Form (DRF)Correct
  2. BDelivery Instruction Slip
  3. CPledge Creation Form
  4. DNomination Cancellation Form

Explanation

Dematerialisation begins when the investor submits a Dematerialisation Request Form along with the physical certificates to the DP. The Delivery Instruction Slip is used for transferring securities already in demat form. The pledge and nomination forms serve unrelated purposes.

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