Mr. R. J. holds 100 shares of Viraj Co. 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 in h…

Answer: (a) Yes. (b) DIS (Delivery Instruction Slip). (c) Yes.

(a) Yes. In the demat mode there is no market lot; securities can be transferred in any quantity, even a single share. So Mr. R. J. can transfer one share each to his wife, daughter and son, provided each of them has a demat account.

(b) He must submit a DIS (Delivery Instruction Slip) to his Depository Participant to transfer shares. A DRF (Demat Request Form) is used only for converting physical certificates into electronic form, which is not needed here as his shares are already in demat mode.

(c) Yes. A nomination facility is available for a demat account held by an individual. He can nominate his wife, so that on his death the shares are transmitted to her account.