PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31ST MARCH, 2006

(Rupees) (Rupees)
Schedule Income Investment Management and Advisory fees 773,125,295 437,442,163 Portfolio Management Fees 121,053,890 5,275,879 Interest G 777,839 1,990,863 Dividend on long term investments 31,639,198 23,903,358 Profit on Sale/Redemption of long term Investment (Net) 5,124,959 14,699,879 Provision no longer required written back - 18,494,472 Interest on Income Tax Refund 494,232 142,247 Other Income 2,230,464 362,555 934,445,877 502,311,416 Expenditure Salaries and benefits to employees H 209,597,809 128,670,176 Administrative and other expenses I 164,693,259 99,192,090 Marketing and Publicity Exps. J 97,850,533 72,948,678 Depreciation 11,342,043 7,817,493 Loss on Sale of Fixed Assets (Net) 82,107 209,236 Preliminary Expenses Written Off - 34,026 Deferred Revenue expenditure written off 11,898,233 11,898,233 495,463,984 320,769,932 Profit Before Tax 438,981,893 181,541,484 Provision

Investor’s awareness about the depository systems

1. Introduction of the study 2. Need of the study 3. Objectives of the study 4. Need of the study 5. Research methodology 6. Reference period 7. Limitations of the study 8. An overview of National Security Depository Ltd (NSDL) 9. Theoritical aspects of depository aspects 10. Analysis and interpretation 11. Conclusion 12. Suggestions 13. Bibliography

Abstract : Indian project
Technology is revolutionizing every field of human endeavor and activity. Indian capital market is barrow meter of Indian economy; one of them is introduced technology into capital market. A major development in the Indian capital market has been setting up of Depository system. The rapid growth in number, volume and value of securities in the Indian capital market exposed the limitations of handling and dealing securities in the physical / paper mode; the short coming of the market became in the manifest in terms of bad deliveries, delays in transfer and irregular settlement etc. depository used as elixir, bringing solution for all those problems. The main objective’s of depository systems are to accelerate scrip less trading, to make trust in individual investors participation in depository system and to create a competitive environment and be responsive to user’s interest and concern. A depository holds securities in electronic forms and provides all services related to transactions of shares/ debt instruments. A depository interacts with clients through a depository participant with

.. a person to whom something is entrusted.] India has adopted dematerialization route to depository.] They are the intermediaries between the depository and the investors. Issuer / R & T Agent: Corporate / companies which issue any kind of security are known as “Issuer” in the Depository System. But the implementation of the system has to secure and well governed.] The NSDL apprises of the credit to Depository Participant. The relationship between the depository participants and the depository is governed by an agreement made between the two under the depositories act. Depository Services through Depository Participants: The Depository can provide their services to investors through their agents called Depository participants. etc. the investor is apprised of his credit in his account.whom the client has to maintain a D-mat account. It refers to the process of issuing physical securities in the place of the securities held electronically in book-entry form with a Depository. depository account of a beneficial owner is debited for the securities sought to be rematerialized and physical certificates for the equitant number of securities are issued. 7. The intermediaries in this system have to obey the rules and regulations laid by the regulatory Authorities. [. large number of companies issuing shares through IPO’s. In a Depository system the investors stand to gain by way of efficient settlements. securities... a person or group entrusted with preservation or safe keeping of something”. To reduce the delay in transactions and to eliminate malpractices Depository system helps allot..] [.] [.. refund in physical form of transactions. one who receives a deposit money. Rematerialization: Rematerialization is the exact reverse of dematerialization. In a strictly legal sense a depository participant is an entity that is registered as such with SEBI under the provisions of the SEBI Act. NSDL offers a host services to the investors through its network of depository participants. [.. All the players have to be conversant with rules and regulations as well as with the technology for processing.] .. a trustee. Subsequently.. investments or other property. Depository means “one place where something is deposited for safe keeping. More abstract from Investor’s awareness about the depository systems [. which requires the services of the Depository system. The rapid growth in number.. lower costs and lower risk of theft or forgery... Under this process. volume and value of securities in the Indian Capital Market is taking place. It will take much time of allotment. [.

. there is no need to pay stamp duty. CCS. functions and regulations of depositories various institution and individuals which will be participated in the process (DPS.] .. companies..[. DEMATERIALISATION AS AGAINST IMMOBILIZATION The model adopted in India provides only for dematerialization of securities..] • To know the awareness of investors towards Depository system. R&T Agent. KEY FEATURES OF DEPOSITORY SYSTEM IN INDIA Multi-Depository System: The depository model adopted in India provides for a competitive multi. METHODOLOGY OF THE STUDY In order to archive the above objectives both the primary and secondary data one considered. how the depository evolved in India..g..e. This is a significant step in the direction of achieving a complete paper-free securities market. • To present suggestions for improving efficiency.] d) If trades are routed through depository... [.) The process of various activities and special services of depository and it covers NSDL. There can be various entitles providing depository services. SCOPE OF STUDY It covers the depository system of India i. Many of the developed countries have opted for immobilization (e.Depository system. [.] [. Investors etc.

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