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Question
Answer in one sentence.
When was Depository Act passed in India?
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Solution
The depository Act was passed in 1996 in India.
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
______ is the oldest depository in India.
In India ISIN for corporate securities is allotted by ______.
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The oldest Depository of India.
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First depository in India ____________.
Answer in one sentence.
Name the depositories in India?
Study the following case/situation and express your opinion.
Mr. S holds 50 shares of Peculiar Co. Ltd. in demat form. The company has declared a dividend of ₹ 5/- per share and a Bonus of 1:1 to its shareholders.
- How will Mr. S get his dividend?
- Will he get a Bonus share in Physical or demat?
- Who is entitled to dividend and Bonus: Mr. S or the depository? (NSDL in this case)
NSDL & CDSL are the only depositories that exist in India.
