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प्रश्न
Justify the following statement.
The depository system results in reduced time, cost, and efforts.
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उत्तर
- Under the depository system, securities are held in electronic form.
- The transfer and settlement of securities are done electronically.
- The efforts that were required in filling transfer forms and lodging the documents are eliminated in the depository system.
- Processing time in the transfer of securities is reduced and neither the securities nor the cash is tied/held up for an unnecessarily long time.
- Further, stamp duty levied on the transfer of physical shares is also not applicable. So, the cost involved is also eliminated.
- Even at the company end, costs, efforts, and time involved in printing and distribution of certificates in cases of new issues, bonuses, transfers, etc. are saved.
- Thus, the depository system results in reduced time, cost, and efforts.
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संबंधित प्रश्न
Write notes on Importance of Depository system.
In physical mode, securities are held in ______ form.
Select the correct answer from the options given below and rewrite the statement.
In Depository System, securities are held in ______ form.
Depository Act was passed in __________.
Select the correct answer from the options given below and rewrite the statement.
India has a ______ depository system.
Write a word or a term or a phrase which can substitute the following statement.
The organisation which holds the securities in electronic mode.
Write a word or a term or a phrase which can substitute the following statement.
This system allows faster and easier transfer of securities.
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.
A Bank can work as a DP.
Find the odd one.
Select the Suitable option for the following.
First depository of world ____________.
Correct the underlined word and rewrite the following sentence.
Allotment and Transfer of securities are time consuming in electronic mode.
Explain any four advantages of a depository system to an investor.
Justify the following statement.
The electronic holding of securities is safer than physical holding.
India has a ______ depository system.
In Depository System, securities are held in ______ form.
Give one word or phrase for the following sentence:
How securities are settled?
State benefits of the depository to Investors.
