Investors awareness about the depository systems
- Introduction of the study
- Need of the study
- Objectives of the study
- Need of the study
- Research methodology
- Reference period
- Limitations of the study
- An overview of National Security Depository Ltd (NSDL)
- Theoritical aspects of depository aspects
- Analysis and interpretation
Technology is revolutionizing every field of human endeavor and activity. Indian capital market is barrow meter of Indian economy; one of them is introduced technology into capital market. A major development in the Indian capital market has been setting up of Depository system. The rapid growth in number, volume and value of securities in the Indian capital market exposed the limitations of handling and dealing securities in the physical / paper mode; the short coming of the market became in the manifest in terms of bad deliveries, delays in transfer and irregular settlement etc. depository used as elixir, bringing solution for all those problems.
The main objective’s of depository systems are to accelerate scrip less trading, to make trust in individual investors participation in depository system and to create a competitive environment and be responsive to user’s interest and concern. A depository holds securities in electronic forms and provides all services related to transactions of shares/ debt instruments. A depository interacts with clients through a depository participant with whom the client has to maintain a D-mat account.
Depository means “one place where something is deposited for safe keeping; one who receives a deposit money, securities, investments or other property; a person to whom something is entrusted; a trustee; a person or group entrusted with preservation or safe keeping of something”. The rapid growth in number, volume and value of securities in the Indian Capital Market is taking place, large number of companies issuing shares through IPO’s, which requires the services of the Depository system. It will take much time of allotment, refund in physical form of transactions. To reduce the delay in transactions and to eliminate malpractices Depository system helps allot.
[...] The study is confined to only depository participant’s services through depositories and awareness of investors about depository system only in twin cities By not considering the entire depository participants implications relating to the pattern of trading may have been missed in this study Some of the investors may show lack of interest in providing the response which might lead to biased information. TOOLS AND TECHNIQUES To analyze the data tables and graphs are used. CHAPTERIZATION In view of the objectives, the study is organized to five chapters. [...]
[...] NEED FOR SETTING UP DEPOSITORY SYSTEM: Indian securities market has grown exponentially during the last decade. So the problems associated with the settlement of trade are also on rise. The technology has changed the face of Indian stock markets in the post-liberalized era. Competition amongst the stock exchanges, increase in the number of players and changes in the trading system led to a clearing system proved to be inadequate due to operational in efficiency. Hence, there emerged a need to replace the traditional system with a new system called the “Depository System”. [...]
[...] Role of Issuer / R & T Agent in Dematerialization of securities: The depository electronically intimates on a daily basis all Dematerialization requests to respective issuer or it’s R&T agency. The issuer are its R&T Agent have to verify the validity of security certificates as well as the fact that demat request has been made by the person recorded as member in its registrar members. After such verification, issuer or its R&T agent intimates NSDL & authorizes an electronic credit for that security in favor of the client. [...]
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