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

Which of the following is correct about a Dematerialisation Request Form (DRF) when a client wants to dematerialise securities of three different companies?

A separate DRF must be filled for each security, identified by its ISIN. Each request goes to the respective issuer's registrar, so one form cannot cover shares of three different companies even when held in the same name.

  1. AA separate DRF is required for each security (ISIN)Correct
  2. BOne DRF can cover all three companies
  3. COne DRF is enough if the certificates are in the same name
  4. DThe DP may decide to use a single form

Explanation

A separate DRF is needed for each ISIN because the request is processed by each issuer's RTA for that specific security. A single form cannot combine different companies, even if the holder's name is the same.

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