Advertisements
Advertisements
Question
Study the following case/situation and express your opinion.
Mr. L wants to demat his 25 shares of Peculiar Co. Ltd. bearing certificate No. 100 and distinctive No. 76-100.
- Which form is he required to fill as a written request to the DP?
- Does he have to fill the instrument of transfer if he wishes to transfer the same after demat?
- Does he have to quote certificate no. and distinctive no. if he wishes to transfer his shares after it is in demat form?
Solution
- Mr. L 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. L does not have to quote any such number after the shares are converted in demat form.
APPEARS IN
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
______ is a constituent of depository system.
Select the correct answer from the options given below and rewrite the statement.
Demat account is opened by ______.
State whether the following statement is true or false.
DP is a constituent of Depository System.
Find the odd one.
Complete the sentence.
Link between Depository and Investor is ______.
Complete the sentence.
Account of securities of the Investors is maintained by ______.
Complete the sentence.
The process which converts physical securities in electronic form is ______.
Complete the sentence.
The Issuer company must register with ______.
Answer in one sentence.
What is a DP?
Correct the underlined word and rewrite the following sentence.
Demat accounts are opened and maintained by the Depository.
Explain Depository as constituent of Depository System.
Answer in brief.
Explain DP as the constituent of Depository system.
Justify the following statement.
DP is an important constituent of Depository system.
Explain the following term/concept:
Depository Participant (DP)
