Mr. Rajesh holds 100 shares of STAR Company Ltd. in demat mode:(a) He wants to transfer one share each to his wife, daughter and son. Can he do so?(b) Does he need to submit DRF or DIS if he wants to transfer his shares?(c) Can he nominate his wife i…

Answer: (a) Yes (b) DIS (c) Yes

(a) Yes. In demat mode there is no concept of a minimum marketable lot; securities can be transferred even in a quantity of one share. So he can transfer one share each to his wife, daughter and son, provided each of them has a demat account.

(b) He has to submit a Delivery Instruction Slip (DIS) to his Depository Participant for transfer of shares. A Demat Request Form (DRF) is used only for converting physical certificates into electronic form, so it is not required here.

(c) Yes. Nomination facility is available in a demat account. He can nominate his wife (more than one nominee is also allowed) so that on his death the shares are transmitted to her easily.