NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Dematerialisation
Mr. Raghunath Iyer holds physical share certificates and wants to dematerialise them. Which document must he submit to his Depository Participant along with the share certificates?
The investor must submit a Demat Request Form (DRF) with the physical certificates to the DP. The DRF is the prescribed document for starting dematerialisation, whereas a DIS is used only to transfer securities out of an existing demat account.
- ADemat Request Form (DRF)Correct
- BDelivery Instruction Slip (DIS)
- CPledge Request Form
- DTransmission Request Form
Explanation
Dematerialisation is initiated by the investor submitting a Demat Request Form (DRF) along with the physical certificates to the DP. The DIS is used for debiting securities from an account, not for demat. Pledge and transmission forms serve other purposes.
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