Complete the sentence. Central location for keeping securities in demated form is ______. - Secretarial Practice

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Complete the sentence.

Central location for keeping securities in demated form is ______.

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Solution

Central location for keeping securities in demated form is depository.

Concept: Functioning of Depository System
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Chapter 9: Depository System - Exercises [Page 140]

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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 9 Depository System
Exercises | Q 1 F) 1. | Page 140

RELATED QUESTIONS

Select the correct answer from the options given below and rewrite the statement.

There is no payment of ______ when securities are demated.


Write a word or a term or a phrase which can substitute the following statement.

This system eliminates storing of certificates.


State whether the following statement is true or false.

Transfer of securities is easier in electronic mode.


State whether the following statement is true or false.

Bad delivery is likely in Depository System.


State whether the following statement is true or false.

DRF is required for conversion from physical to electronic.


Complete the sentence.

Freezing of debit/credit of securities is possible in ______.


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____________ Rematerialisation


Correct the underlined word and rewrite the following sentence.

Storage of Certificates is not required in Physical mode of holding.


Correct the underlined word and rewrite the following sentence.

Securities are fungible in Physical mode.


Study the following case/situation and express your opinion.

Mr. Z holds 100 shares of Peculiar Co. Ltd. in Physical mode and wishes to convert the same in electronic mode :

  1. Mr. Z holds a Saving Bank Account with CFDH Bank Ltd. Can he deposit his shares in this account for Demat?
  2. What type of account is needed for the same?
  3. Is it the RBI which will be the custodian of shares of Mr. Z after demating?

Study the following case/situation and express your opinion.

Mr. R holds 100 shares of Peculiar Co. Ltd. in Demat mode :

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  3. Can he nominate his wife in his Demat account?

Explain disadvantages of physical mode of holding securities.


Study the following case/situation and express your opinion.

Mr. Satish holds 100 shares of Raj Company Ltd. in physical mode and wishes to convert the same into electronic mode:
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  2. What type of account is needed for the same?
  3. Is the RBI which will be the custodian of shares of Mr. Satish after demating?

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