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Question
Answer in one sentence.
What is a DP?
Solution
Depository Participant (DP) is the agent of the depository. It is an intermediary appointed by the depository.
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
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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 Depository as constituent of Depository System.
Answer in brief.
Explain DP as the constituent of Depository system.
Justify the following statement.
DP is an important constituent of Depository system.
Explain the following term/concept:
Depository Participant (DP)
