depository services

Depository is an entity that holds securities. It holds no physical certificates but communicates with companies, or their agents, by electronic means. Depository participants are usually banks and brokerage houses who have a direct link with the depository. Depository advises all participants of the holdings they retain in the depository and ...

Multi-Depository System: The depository model adopted in India provides for a competitive multi-depository system. There can be various entities providing depository services. Dematerialisation as against immobilization: The model adopted in India provides only for dematerialisation of securities. This is a significant step in the direction of achieving a completely paper-free securities ...