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Justify the following statement. The electronic holding of securities is safer than physical holding. - Secretarial Practice

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Question

Justify the following statement.

The electronic holding of securities is safer than physical holding.

Short/Brief Note
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Solution

  1. Under the depository system, securities are held in electronic form.
  2. Physical certificates can be lost, damaged, torn, stolen, misplaced during transit, etc.
  3. Delivering certificates that are torn, fake, etc. creates problems in buying and selling of securities.
  4. The transfer and settlement of securities are done electronically.
  5. It leads to the elimination of storage and handling of certificates.
  6. So, all risks associated with physical holding are eliminated by the electronic holding of securities.
  7. Hence, the electronic holding of securities is safer than physical holding.
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Depository System
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Chapter 9: Depository System - Justify the following statements

APPEARS IN

SCERT Maharashtra Secretarial Practice [English] 12 Standard HSC
Chapter 9 Depository System
Justify the following statements | Q 2
Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 9 Depository System
Exercises | Q 6.1 | Page 142

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