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Explain Depository as constituent of Depository System. - Secretarial Practice

Short Note

Explain Depository as constituent of Depository System.

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Solution

  1. It is an organization like the Central Bank where securities are held in electronic form at the investor’s request.
  2. It also provides different services related to different transactions in such securities.
  3. It is responsible for the safe-keeping of the investor's securities.
  4. There is no direct access to investors with the Depository.
  5. It works as a link between the company and investors.
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 9 Depository System
Exercise | Q 5.4 | Page 142
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