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

Ms. Rao holds shares in physical form that are not yet in demat, and she wants to dematerialise only part of her holding of a company's shares in a single request. Which statement is correct?

She may select which certificates to dematerialise, and several can be included in one request, but each surrendered certificate is dematerialised in full. A certificate cannot be partly dematerialised, and she is not required to demat all her holdings.

  1. AA DRF can be submitted for all or some certificates, but each certificate must be dematerialised in full, and partial split of a certificate is not part of the requestCorrect
  2. BDematerialisation must always cover every certificate she holds in the company
  3. COnly one certificate can be sent per DRF
  4. DPartial dematerialisation is not allowed under any circumstance

Explanation

A holder may choose which certificates to dematerialise, but a certificate is surrendered as a whole; the number of shares on it cannot be partly dematerialised in the request. Hence she need not demat everything, and multiple certificates can go in one request.

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