Share Capital and Types of Shares — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares2 Marks
Question
State the expenses of DEMAT A/C.
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Answer
Expenses incurred in a Demat account can be divided into four parts:
(1) Account opening costs: Some banks charge these costs while some banks do not charge these costs.
(2) Annual Maintenance Fee: Maintenance charge is levied for maintaining the Demat account.
(3) Custodian Fee: Fee has to be paid every month depending on the number of shares in the Demat holder's account.
(4) Transaction Fees: Fees are charged on the basis of the transactions in which the shares are traded.
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