DEPOSITORIES & THE REGULATIONS GOVERNING THEM IN INDIA – AN ANALYSIS
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DOI:
https://doi.org/10.55662/APLPR.2018.402Keywords:
NDSL, CDSL, DepositoriesAbstract
In simple terms the depositories the word itself means that something is being deposited into it. Depositories is basically act as a bank where in deposits, securities, shares are deposited here, likewise if you buy shares from the share market or purchase of bonds from government in an electronic form then it is stores at the depositories. The way you deposit the cash in the bank and in an electronic from you receive the amount in your account in an electronic form. There are two depositories in India 1. National Securities Depositories Limited (NSDL) 2. Central Depositories Service Limited (CDSL) Whenever you open a De-mat account the cart-man tell you that which one is their depositories NSDL or CSDL. Depositories keep your securities safe in an electronic form. Depository agent are also one of the party to the depositories. This agent are appointed by depository but by the approval of sebi. They are also very important participants as they provide front end to the customers for buying and selling of securities.
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