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Depository system in India,needs and progress

Depository system in India,needs and progress

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Published by jyoti6
We have two depositories namely CDSL,NSDL.they help in dematerialisation of securities.
We have two depositories namely CDSL,NSDL.they help in dematerialisation of securities.

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Published by: jyoti6 on Oct 14, 2009
Copyright:Attribution Non-commercial

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08/18/2013

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Good Morning Everyone.
Presenting you…..
Depository system in India:
 
Its need
Process and
Progress
 
 
The Depositories Act,1996.The Dep
 
ositories Act,1996.
Introduction of Depository system in India.
Issue, hold & transact in securities throughdepositories.
Two depositories operational i.e. NSDL & CDSL.
Securities dematerialized at time of issue or subsequently.
 
 
Need for Depository system.Need for Dep
 
ository system.
Immediate transfer of securities.
Reduced cost of transaction.
Elimination of risks related to physical securities.
Reduction in paper work..
Eliminating the need to intimating informational changes.
Consolidation of folios & instruments.
Faster & efficient services like transfer, transmission, receiptof benefits, automatic credit of shares arising out of split,consolidation & mergers.

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