PROJECT REPORT ON “Functions Of Depository Participant’’

IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE COURSE

POST GRADUATE DIPLOMA IN BUSINESS MANAGEMENT

SUBMITTED BY
ROLL NO: 17 BATCH: 2008-2010 SPECIALISATION: FINANCE

UNDER THE GUIDANCE OF

PROF. -T.M.C Vasudevan

MAHATMA GANDHI MISSION’S

INSTITUTE OF BUSINESS MANAGEMENT KAMOTHE, NAVI-MUMBAI

Prashant for his cooperation in correction and collation of information and material required for preparation of this gigantic task.D. We owe a special debt of gratitude. Infact his guidance and cooperative nature gave us great impetus to make this project in presentable form. Finally yet importantly we put across our indepthness to our parents .DP Operations & Compliance Officer for CDSL & NSDL for providing full cooperation and necessary help for completion of this project. Bhupen RMS. Padiyar our project coordinator. for making available the opportunity to work on this project. We are sincerely thankful to the guidance and help provided by Mr. He has indeed given practical operation knowledge of the software used for the functional purpose of DP back office.friends and each and every individual who has helped us in preparation of this project. Our sincerely thanks to all the staff of ISE DP for the cooperation and help provided to us.K. without whose support we would have not been able to complete this project. ISE. To Mr. We are grateful to Mr.ACKNOWLEDGEMENT At the outset it is our duty to acknowledge with gratitude the generous help that we have received from the director general MGM IMSR Navi Mumbai and the Head training and development ISE Mr. We express our deep sense of gratitude to Mr.Gupta. Padiyar Manager. We have had the advantage of his critical advice from his profound knowledge. .

trading and transfer of securities. The admission of the DPs involves a detailed evaluation by the depository of their capability to meet with the strict service standards and a further evaluation and approval from SEBI. A depository is akin to a bank. Demat services provide solutions to problems faced by investors in dealing with securities. banks. stockbrokers etc can become participants in the depository. Realizing the potential.Executive Summary With highly fluctuating stock markets. The depository can legally transfer beneficial ownership. who trades on behalf of investors in and outside the stock exchanges. he has to open an account with the depository through a depository participant. . just like in case of a bank. The depository participant maintains securities' account balances and intimates to investors the status of holdings from time to time. the number of demat accounts opened has increased phenomenally. all the custodians in India and a number of banks. A depository is an organisation where the securities of a shareholder or investor are held in the electronic form at the request of the shareholder through the medium of a depository participant. financial institutions and major brokers have already joined as DPs to provide services in a number of cities. If an investor wants to use the services offered by a depository. According to the Securities and Exchange Board of India (SEBI) guidelines. financial institutions. This system of using the existing distribution channel (mainly constituting DPs) helps the depository to reach a wide cross section of investors spread across a large geographical area at a minimum cost. The main objective of a depository is to minimise the paper work involved with the ownership. A depository participant is a representative (agent) in the depository system. custodians. It is similar to broker.

SECTION 1 (PROCESS) .

SECTION 2 (OPERATIONS) .

SECTION 3 (PROJECT EVALUATION) .

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