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प्रश्न
Mr. Kishore wants to demat his 25 shares of Hero Company Ltd. bearing certificate no. 100 and distinctive no. 76-100:
- Which form is he required to fill as a written request to the DP-DRF or RRF?
- Does he have to fill instrument of transfer if he wishes to transfer the same after demat?
- Does he have to quote certificate number and distinctive number, if he wishes to transfer his shares after it is in demat form?
उत्तर
- Mr. Kishore has to fill the ‘Demat Requisition Form’ (DRF) as a written request to the DP.
- After demat, if he wishes to transfer the shares, he does not have to fill the instrument of transfer. However, he will have to submit a delivery instruction slip (DIS) to the DP.
- The securities in demat form are fungible. They do not have any certificate no. or distinctive no. So, Mr. Kishore does not have to quote any such number after the shares are converted in demat form.
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संबंधित प्रश्न
Dematerialisation and Rematerialisation
Select the correct answer from the options given below and rewrite the statement.
______ is a unique code given to a security.
Select the correct answer from the options given below and rewrite the statement.
______ has to apply for ISIN.
Write a word or a term or a phrase which can substitute the following statement.
This process converts securities into electronic form from physical form.
Write a word or a term or a phrase which can substitute the following statement.
This process converts securities into physical form from electronic form.
Write a word or a term or a phrase which can substitute the following statement.
This means securities are without distinctive identity number.
Write a word or a term or a phrase which can substitute the following statement.
This is the unique code for security given in depository system.
Complete the sentence.
The unique code identifying a security is ______.
Answer in one sentence.
What is Rematerialisation?
Correct the underlined word and rewrite the following sentence.
Depository Participant in India has to register under the partnership act.
Correct the underlined word and rewrite the following sentence.
ISIN is a code given to a company.
Arrange in proper order.
- Investor (BO) submits an application for securities to the issuer company.
- Depository intimates the DP about crediting BO's Account.
- Issuer company gives details of allotment to Depository.
Explain the following term/concept.
Fungibility
Distinguish between the following:
Dematerialization and Rematerializotion
Justify the following statement.
ISIN is necessary component of Demat.
Explain the constituents of Depository system.
