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Depository System — Secretarial Practice STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeDepository System2 Marks
Question
Beneficial Owner (BO)
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Answer

  • The BO is the investor of securities who have accepted the services of a Depository Participant.
  • The BO can also be called Client of Depository and DP. BO is given a unique account number in which securities are held.

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