NISM Series 6 (VI) Depository Operations ( NSDL Exam / DOCE )
Frequently Asked Questions about DOCE Exam
What are the other names of NISM Depository Exam ?
People refer to NISM Depository Exam by different names like nism 6, nism vi, nism series vi, cdsl exam, nsdl exam, dp exam, demat exam, dp certification exam etc.
Who can write / should write this exam?
Persons engaged or employed by a registered depository participant in:
- dealing or interacting with clients
- dealing with securities of clients
- handling redressal of investor grievances
- internal control or risk management
- activities having a bearing on operational risk; or
- maintenance of books and records pertaining to the above activities.
Can I renew my certificate or should I compulsorily take up the exam?
You can attend NISM Depository Operations CPE for 1 days before the expiry of the certificate and can renew the certificate. No need to take up the exam again.
But you have to attend NISM DOCE CPE before the expiry of the certificate. Candidates whose certificate has expired should take up NISM Series VI DOCE Exam again.
What kind of topics are covered in the syllabus?
- Basics of the Indian security market and depository system.
- Business partners of a Depository. DPs function, their eligibility criteria, registration procedure, rights and obligations etc
- Functions of the Depository and its Depository Participants (DPs) such as dematerialization, trading and settlement, pledging and hypothecation.
- Process of opening a demat account, documents required to open an account and the significance of Power of Attorney (POA).
How to register for NISM Depository Operations Certification Exam ?
You can register through the NISM website - https://certifications.nism.ac.in/nismaol/
Study material for preparing for NISM DOCE examination.
Yes. We do Provide Study Notes for NISM Depository Operations Exam. The study notes are based on NISM Work book. It covers all the important concepts. It consists of 27 pages. However candidates are advised to go through NISM Work Book.
How to prepare for DOCE Exam ?
NISM-Series-VI: Depository Operations Certification Examination
NISM Series 6 Mock Test
(Free Demo & Premium)
Syllabus for NISM Series 6 Exam
| NISM DOCE Syllabus | Weightages (Syllabus wise question %) |
|---|---|
| 1: Introduction to Securities Market | 5% |
| 2: Introduction to Depository | 10% |
| 3: Depository and its business partners | 12% |
| 4: Functions of DP - Account Opening | 12% |
| 5: Functions of DP- Account Operations | 3% |
| 6: Functions of DP - Transmission & Nomination | 5% |
| 7: Functions of DP - Dematerialisation | 9% |
| 8: Functions of DP - Trading and Settlement | 13% |
| 9: Functions of DP - Pledge and Hypothecation | 10% |
| 10: Functions of DP - Corporate Action & Public Issues | 7% |
| 11: Functions of DP - Debt and Government Securities | 10% |
| 12: Additional Services - Foreign Portfolio Investor | 2% |
| 13: Investor Services | 2% |
Assessment Structure: Exam Pattern for NISM DOCE
| DURATION | 120 Minutes |
| NO. OF QUESTIONS | 100 one marks |
| MAXIMUM MARKS | 100 |
| PASS MARK | 60 |
| NEGATIVE MARK | 25% FOR WRONG ANSWERS |
| CERTIFICATE VALIDITY | 3 YEARS |
| EXAM FEES | Rs 1500/- |
Syllabus
Unit 1: Introduction to the Capital Market
- Introduction to the Capital Market
- Explain the Capital Market
- Understand the regulatory environment in Indian capital market,
- Know the Regulators in the Indian Capital market
Unit 2: Introduction to Depository
- Explain the need for a depository system
- Explain the meaning of Depository.
- Understand the legal framework in which the depositories function in India.
- Explain the functions of a depository
Unit 3: Depository and its business partners
- Understand depository participants (DPs)
- Understand the Clearing Corporation (CC)
- Explain the Issuers and Registrar and Transfer Agents.
Unit 4: Functions of Depository Participant -Account Opening
- Introduction to the Functions of Depository Participant -Account Opening
- Understand the types of account a person can open with a DP
- Define and discuss what is a Beneficiary Account
- Define the Clearing Member Account
- Explain the Closure of account
- Understand the Freezing of account
- Know the Changes in client details
- Know the Accreditation of Investors for the purpose of Innovators Growth Platform
Unit 5: Functions of Depository Participant -Account Operations
- Introduction to the Basic Services Demat Account (BSDA).
- Explain the operation of a Joint Account
- Know the Internet Based Depository Operations of NSDL.
- Know the Internet Based Depository Operations of CDSL.
Unit 6: Functions of Depository Participant - Transmission and Nomination
- Understand the concept of Transmission of Securities
- Explain the concept of Nomination of Securities
- Explain the Transmission of Securities
Unit 7: Functions of Depository Participant - Dematerialization
- Introduction to the Functions of Depository Participant - Dematerialization.
- Explain the International Securities Identification Number (ISIN).
- Explain the Dematerialization Process
- Explain the Rematerialisation process.
- Understand Destatementization process.
- Understand Restatementization process.
Unit 8: Functions of Depository Participant -Trading and Settlement
- Introduction to the Functions of Depository Participant -Trading and Settlement.
- Understand the process flow of securities (settlement) in an off-market transaction.
- Explain the Settlement of Market Transactions.
- Learn about Interoperability.
- Procedure for Subscription and Redemption of Mutual Fund Units.
- Explain the Handling of Clients’ Securities by Trading Members/Clearing Members.
Unit 9: Special Services- Pledge and Hypothecation
- Introduce the concept of pledge and hypothecation.
- Procedure for pledge and hypothecation.
- Explain the Recording of Non Disposal Undertaking (NDU) in the Depository System.
Unit 10: Special Services- Public Offering /Corporate Action
- Learn about concept of corporate actions.
- Know the Important terms.
- Understand the Procedure for Corporate Action.
- Know the Public Issue.
Unit 11: Special Services- Debt Instruments and Government Securities
- Introduction to Debt Instruments and Government Securities.
- Explain the Certificate of Deposit (CDs).
- Explain the Commercial Paper.
- Discuss the Government Securities.
Unit 12: Foreign Portfolio Investor
- Introduction to the Foreign Portfolio Investor.
- Know the Eligibility Criteria and the various categories of Foreign Portfolio Investor.
Unit 13: Investor Services
- Introduction to Redressal of Complaints through Scores.
- Introduction to Transfer of Shares to Demat Account of IEPF Authority