Share Capital and Types of Shares — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares2 Marks
Question
Where can the DEMAT A/C be opened?
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Answer
Dematerialization is the process by which an investor electronically transfers his physical shares to his DP. (Depository Participant) maintains the account.
There are two types of such institutions in India.
NSDL and CDSL.
This organization is responsible for maintaining the investor's shares, bonds or securities.
This institution is therefore known as the deposit saving agent. Government and private banks as well as other financial institutions open Demat accounts on behalf of this institution.
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