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.
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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