Skip to content

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

Mr. Raman Iyer holds physical share certificates of a listed company and wants to convert them into electronic form. With whom must he submit the Dematerialisation Request Form (DRF) along with the certificates?

The investor submits the Dematerialisation Request Form with the physical certificates to his Depository Participant, with whom he holds a demat account. The DP then processes the request through the depository to the issuer or its registrar. Direct submission to the company or exchange is not the prescribed route.

  1. AThe issuer company directly
  2. BHis Depository ParticipantCorrect
  3. CThe stock exchange where the shares are listed
  4. DThe Registrar and Transfer Agent only

Explanation

The investor must have a demat account and submit the DRF with the physical certificates to the DP. The DP then forwards the request to the issuer or its RTA through the depository. Submitting directly to the company or exchange is not the prescribed route.

Did you get it right without looking?

One question tells you little. A timed set on Functions of Depository Participant - Dematerialisation shows your real accuracy, how long you take and where you lose marks.

Practise Functions of Depository Participant - DematerialisationFree diagnostic mock

More Functions of Depository Participant - Dematerialisation questions