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Question
Answer in one sentence.
What is Depository System?
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Solution 1
The system under which shares are held, transferred, and settled in electronic form is called a depository system.
Solution 2
Under Depository System, securities are held in electronic form. The transfer and settlement of securities are done electronically. The Depository System maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder. This system is also called as scripless trading system.
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