Chapter-6
DEPOSITORY SYSTEM
Review Question
A. Short Answer type Question
1. What is a depository system?
Answer:
2. What is scripless trading?
Answer:
3. Name the various constituents/players in the depository system.
Answer:4. What do you mean by depository participant?
Answer:5. Define beneficial owner.
Answer:6. Who is a depository?
Answer:7. Write a short note on NSDL.
Answer:8. What is the objective of CDSL?
Answer:9. Give any three advantages of the depository system.
Answer:B. Long Answer Type Questions
1. "One of the biggest problem faced by the Indian capital market has been the manual paper based settlement system. "Examine the statement. How is the enactment of Depositories Act, 1996 a step towards removal of such problems?
Answer:2 . What do you understand by 'scripless trading system'? Discuss various players involved in the depository system.
Answer:3. "The introduction of the depository system would take away many of the ailments of the traditional system and would ultimately contribute to the emergence of highly efficient capital market." Examine the statement giving advantages of the depository system.
Answer:4. What do you mean by dematerialisation of shares? What are the steps involved in dematerialisation?
Answer:5. What do you understand by electronic settlement of trade? Discuss the procedure for purchasing and selling of dematerialised securities.
Answer:6. What are the rights and obligations of depositories, participants, issuers and beneficial owners as given under the Depositories Act, 1996?
Answer:7. Write short notes on :
(a) NSDL
(b) CDSL
(c) Pledging or hypothecation of dematerialised securities
Answer:8. What are the advantages of the depository system? Discuss.
Answer:Type-Bharat Kalita
Post ID :DABP003627
