Hi Friends,
what does a depository mean?
i have heard the NSDL, CDSL are depositories , but who are they?
thanx
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 30 April 2009
A depository is an entity which holds securities of investors in electronic form at the request of the investors through a registered Depository participant. It also provides services related to transactions in securities based on instructions given by the investors to depository participant.
A depository participant is a person or entity, which is registered with depositories such as NSDL and/or CDSL as also with SEBI and who offers services of holding your shares and effecting transfer
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