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प्रश्न
Justify the following statement.
DP is an important constituent of Depository system.
उत्तर
- Depository Participant (DP) is the agent of depository. It is an intermediary appointed by depository.
- DP is registered under the SEBI Act. It enjoys rights and obligations as specified under SEBI (Depository and Participants) Regulations of 1996.
- DP acts as a link between depository and the investor.
- It directly deals with customers. It sends statement of accounts periodically.
- It functions like a securities bank. The DP maintains account of securities of each investor.
- It facilitates dematerialisation. It settles trade electronically.
- It credits securities in the event of rights issue, bonus issue, etc. It handles instant transfers of pay-outs like dividend, interest, etc.
- Thus, DP is an important constituent of depository system.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
______ is a constituent of depository system.
Select the correct answer from the options given below and rewrite the statement.
Demat account is opened by ______.
State whether the following statement is true or false.
DP is a constituent of Depository System.
Find the odd one.
Complete the sentence.
Link between Depository and Investor is ______.
Complete the sentence.
Account of securities of the Investors is maintained by ______.
Complete the sentence.
The process which converts physical securities in electronic form is ______.
Complete the sentence.
The process which converts digital securities in physical form is ______.
Complete the sentence.
The Issuer company must register with ______.
Answer in one sentence.
What is a DP?
Correct the underlined word and rewrite the following sentence.
Demat accounts are opened and maintained by the Depository.
Study the following case/situation and express your opinion.
Mr. L wants to demat his 25 shares of Peculiar Co. Ltd. bearing certificate No. 100 and distinctive No. 76-100.
- Which form is he required to fill as a written request to the DP?
- Does he have to fill the instrument of transfer if he wishes to transfer the same after demat?
- Does he have to quote certificate no. and distinctive no. if he wishes to transfer his shares after it is in demat form?
Explain the following term/concept:
Depository Participant (DP)
