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प्रश्न
Explain the following term/concept:
Depository Participant (DP)
What is meant by Depository Participants?
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उत्तर
- It is the agent of the Depository.
- It is registered under the SEBI Act.
- It enjoys rights and obligations as specified under the SEBI (Depositories and Participants) Regulations, 1996.
- It is an intermediary appointed by the Depository to provide services to investors.
- A DP acts as a link between the Depository and the investor.
- It directly deals with customers and provides services like account opening, dematerialisation, and securities transfer.
- It sends periodic statements of account to the investors.
- A DP functions like a securities bank, holding securities in electronic form on behalf of investors.
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
______ is a constituent of depository system.
Select the correct answer from the options given below and rewrite the statement.
Demat account is opened by ______.
State whether the following statement is true or false.
DP is a constituent of Depository System.
Find the odd one.
Complete the sentence.
Link between Depository and Investor is ______.
Complete the sentence.
Account of securities of the Investors is maintained by ______.
Complete the sentence.
The process which converts physical securities in electronic form is ______.
Complete the sentence.
The process which converts digital securities in physical form is ______.
Answer in one sentence.
What is a DP?
Correct the underlined word and rewrite the following sentence.
Demat accounts are opened and maintained by the Depository.
Explain Depository as constituent of Depository System.
Explain DP as the constituent of Depository system.
Justify the following statement.
DP is an important constituent of Depository system.
