Explain the following term/concept. Depository system - Secretarial Practice

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Short Note

Explain the following term/concept.

Depository system

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Solution

The system under which shares are held, transferred, and settled in electronic form is called a depository system. 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.

Concept: Depository System
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Chapter 9: Depository System - Exercises [Page 141]

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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 9 Depository System
Exercises | Q 2.1 | Page 141

RELATED QUESTIONS

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

In Depository System, securities are held in ______ form.


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

______ is the institute which facilitates electronic holding of securities.


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

This system allows faster and easier transfer of securities.


State whether the following statement is true or false.

Physical mode of holding securities is risky.


State whether the following statement is true or false.

Depository system is very similar to banking system.


Find the odd one.


Select the Suitable word for the following.

Dematerialization ____________.


Select the Suitable option for the following.

First depository of world ____________.


Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) First depository in India 1) ____________
b) ____________ 2) Rematerialisation
c) Fungibility 3) ____________
d) ____________ 4) ISIN

(12 digit code, NSDL, Electronic to physical, No distinctive number)


Answer in one sentence.

Give examples of action termed as corporate action.


Correct the underlined word and rewrite the following sentence.

Electronic mode of holding securities is risky.


Correct the underlined word and rewrite the following sentence.

India has a single Depository system.


Explain the following term/concept.

Dematerialisation


Explain four advantages of Depository system to the Company.


Justify the following statement.

The depository system results in reduced time, cost, and efforts.


India has a ______ depository system.


Give one word or phrase for the following sentence:

How securities are settled?


Justify the following statement.

Depository System has a very important role to play in the successful functioning of the capital market.


Explain any four advantages of depository system to the company.


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