NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Dematerialisation
Mr. Raghavan submits physical share certificates to his Depository Participant for dematerialisation. Which document must accompany the certificates along with the request?
The Dematerialisation Request Form (DRF) must accompany the physical certificates submitted to the DP. It is the formal request to convert physical securities into electronic form. Other forms such as delivery instruction, pledge or transmission forms relate to different depository services.
- ADematerialisation Request Form (DRF)Correct
- BDelivery Instruction Slip
- CPledge Request Form
- DTransmission Request Form
Explanation
A holder who wants to convert physical securities into electronic form submits the certificates with a Dematerialisation Request Form (DRF) to the DP. The Delivery Instruction Slip is used for transferring existing demat holdings, while pledge and transmission forms serve other purposes.
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