1. Investor gives DRF (DEMAT Request Form) and Physical Certificates to DP
Separate DRFs have to be submitted for: Free and locked-in securities; Each ISIN; Securities locked-in for different reasons; Securities of different paid-up value; and For each client account.
DRF is signed by: The sole holder in case of single holding; All joint holders in case of joint holdings; Constituted signatories in the case of corporate accounts; Power of Attorney Holder
In CDSL, DRF requires the BO to sign 'as per the signature recorded with the DP' and 'as per the signature recorded with the company / RTA'
The DP should enter the dematerialisation request in DP system after following makerchecker concept. The DP system generates a request number (DRN - Demat Request Number), which should be mentioned on DRF.
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