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प्रश्न
State, with reason, whether the following statement is True or False.
Share transfer in depository mode is fast and economical.
विकल्प
True
False
उत्तर
True
Reasons:
(1) Dematerialization is the process by which securities like shares are converted into electronic form from physical form.
(2) It results in paperless procedures with respect to holding of shares, handling them or transferring them.
(3) It is an account based system where the dealings happen electronically and not physically. It saves a lot of time, efforts and hassles.
(4) It results in very fast and quick transactions due to direct credit.
(5) This also leads to minimizing cost.
(6) Payments in case of transfer, dividend etc. also happen much faster.
(7) So demat is a very simple, easy and time saving process.Thus, share transfer in depository mode is fast and economical.
संबंधित प्रश्न
Draft a letter of thanks to the depositor of a company.
What are the points to be borne in mind while writing letters to the members?
Write a word / term/ phrase which can substitute the following statements.
The organisation which acts as an intermediary between investors and depositories.
Write a letter to Thank depositors for depositing the amount with the company.
