DMPQ-What is depository and how does it help an investor? Name the Depositories working in India.
Depository is a place where financial securities are held in dematerialised (DEMAT) i.e. in electronic form. It is responsible for maintenance of ownership records and the facilitation of trading in dematerialized securities. A depository eliminates the risk associated with holding physical securities. Earlier, the buyer would have to keep checking if the shares have been … Read more