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

Mr. Shah wants to convert his demat holdings back into physical certificates. Which is the correct term and the form he must submit to his DP?

The process is rematerialisation, and Mr. Shah must submit a Rematerialisation Request Form to his DP. The DP checks his available balance and routes the request through the depository to the issuer, who then prints and issues physical certificates.

  1. ARematerialisation, using a Rematerialisation Request Form (RRF)Correct
  2. BDematerialisation, using a DRF
  3. CImmobilisation, using a transfer deed
  4. DPledge invocation, using a pledge form

Explanation

Converting electronic holdings back to physical certificates is rematerialisation, requested through the RRF submitted to the DP. The DP verifies available balance and forwards the request to the depository and then the issuer.

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