DEPOSITORY SYSTEM. This system came in to force with effect from September 20, 1995 . What Is Scrip Based System?. Scrip based system of securities transactions involves enormous paper work involving certificates and transfer deeds. Simply, securities are held in physical form.
This system came in to force with effect from September 20, 1995.
There are basically four participant:
Depository Act, 1996 provides that -
Trade World, a Wing, 4th &5th Floors
Kamala Mills Compound
Mumbai 400013 website: nsdl.co.in
Phiroz Jeejeebhoy Towers
16th Floor, Dalal Street
Mumbai website: www.cdslindia.com
In terms of the Depositories Act, 1996, SEBI (Depositories & Participants) Regulations,1996, only the following entities are eligible to become a Depository Participant:
In the depository system, the ownership of securities dematerialized is bifurcated in to:
Depository system provides benefits to:
Features of Beneficiary Account
CS Ajay Khandelwal