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प्रश्न
Explain the following term/concept:
Depository system
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उत्तर
Under Depository System, securities are held in electronic form. The transfer and settlement of securities are done electronically. The Depository System maintains the accounts of the shareholder, enables transfer and collects dividends, bonus shares, etc., on behalf of the shareholder. This system is also called a scripless trading system. In India, the Depository System was introduced by passing the Depository Act in 1996. Under this Act, a competitive multi-depository system consisting of two depositories, viz., NSDL and CDSL, was set up. The world’s first Depository was set up in 1947 in Germany.
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संबंधित प्रश्न
Write notes on Importance of Depository system.
Risk of losing certificates exists in _________ mode.
Select the correct answer from the options given below and rewrite the statement.
______ has to pay charges to maintain Demat Account.
Write a word or a term or a phrase which can substitute the following statement.
The Agent of the Depository.
State whether the following statement is true or false.
Depository system began in the USA for the first time in the world.
State whether the following statement is true or false.
Depository system is very similar to banking system.
Find the odd one.
Select the Suitable option for the following.
____________ DP.
Select the Suitable option for the following.
CDSL ____________.
Explain the following term/concept.
Depository system
Explain four advantages of Depository system to the Company.
Justify the following statement.
The depository system results in reduced time, cost, and efforts.
India has a ______ depository system.
State benefits of the depository to Investors.
India has a single depository system.
Justify the following statement.
Depository System has a very important role to play in the successful functioning of the capital market.
Explain any four advantages of depository system to the company.
