Q.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?
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Mr. Kishore must submit a DRF to demat his shares; after demat he need not fill any instrument of transfer, and he need not quote the certificate number or distinctive numbers.
(1) Which form to fill?
To convert his physical shares into electronic form, Mr. Kishore must make a written request to his Depository Participant (DP) in the prescribed Dematerialization Request Form (DRF), submitted along with the share certificate.
(2) Instrument of transfer needed after demat?
No. In physical form, transfer of shares requires a duly executed instrument of transfer. But once shares are in demat (electronic) form, transfer takes place electronically through the depository by simply debiting the seller's account and crediting the buyer's account. No physical instrument of transfer is required.
(3) Quote certificate number and distinctive numbers after demat? …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.