depositories
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2010
what are depositories? what function does it perform.?
08 August 2010
a facility where secrities can be deposited for storage or safekeeping.
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08 August 2010
What is depository system - A system in which securities of an investor are held by depository on behalf, and at the request, of an investor in an Electronic Form.
This system is also know as Scrip Less Trading system
This system is also know as Scrip Less Trading system
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08 August 2010
Features of Depository system
1).In the depository system, securities are held in depository accounts, which is more or less similar to holding funds in bank accounts.
2).Transfer of ownership of securities is done through simple account transfers. 3).This method does away with all the risks and hassles normally associated with paperwork.
4).Consequently, the cost of transacting in a depository environment is considerably lower as compared to transacting in certificates
1).In the depository system, securities are held in depository accounts, which is more or less similar to holding funds in bank accounts.
2).Transfer of ownership of securities is done through simple account transfers. 3).This method does away with all the risks and hassles normally associated with paperwork.
4).Consequently, the cost of transacting in a depository environment is considerably lower as compared to transacting in certificates
08 August 2010
Constituents of depository system.
There are basically four participant:
The Depository
The DepositoryParticipant
The Issuing Company
The Investor
There are basically four participant:
The Depository
The DepositoryParticipant
The Issuing Company
The Investor
08 August 2010
Who is depository?
Depository facilitates holding of securities in the electronic form and enables securities transactions to be processed by book entry by a DepositoryParticipant (DP), who as an agent of the depository, offers depository services to investors.
Who can be a depository:
Depository Act, 1996 provides that - Depository means:
-A company formed and registered under the companies Act, 1956, and
- Which has got a Certificate of Registration from the SEBI
Depository facilitates holding of securities in the electronic form and enables securities transactions to be processed by book entry by a DepositoryParticipant (DP), who as an agent of the depository, offers depository services to investors.
Who can be a depository:
Depository Act, 1996 provides that - Depository means:
-A company formed and registered under the companies Act, 1956, and
- Which has got a Certificate of Registration from the SEBI
08 August 2010
Features of depository system in India
1.In the depository system, the apex body is the Depository..
2.A depository can be compared with a bank
3.Depository services through depository participants.
4.Fungibility
5.Registered Owner/ Beneficial Owner (two types of owner)
1.In the depository system, the apex body is the Depository..
2.A depository can be compared with a bank
3.Depository services through depository participants.
4.Fungibility
5.Registered Owner/ Beneficial Owner (two types of owner)
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