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An Organisation Where Securities / Shares Are Held in Electronic Form. - Secretarial Practice

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An organisation where securities / shares are held in electronic form.

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Solution

A depository is an organisation which holds securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronic form at the request of the investors through a registered depository participant. It also provides services related to transactions in securities.

Concept: Depositories and Dematerialization of Securities - Meaning
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