A Depository Institution provides Financial Services to Personal and Business Customers.
Deposits in the Institution include Securities such as Stocks or Bonds. The Institution
holds the Securities in Electronic form also known as Book-entry form or in Dematerialized
or Paper Format such as Physical Certificate.
What is Depository?
Depository Participant (DP) is described as an agent of the depository. They act
as the intermediaries between the depository and the investors. The relationship
between the DPs and the depository is governed by an agreement made between the
two under the Depositories Act. Investors must consider the trust-worthy stock trading
platforms like Ajmera Group. An effective and fully developed depository system
is essential for maintaining and enhancing the efficiency of stock markets.
- No problem of bad deliveries and fake certificates
- No loss of certificates in transit and delays in transfer
- Quick refund and remission of dividend
- Hypothecation of dematerialized securities for a bank loan
NSDL (National Securities Depository Ltd.) &CDSL (Central Depository Services Ltd.)
are two core depository services in India. Ajmera Associates Ltd. (Ajmera x-change)
are depository participants (DP) of CDSL. CDSL provides Ajmera Associates Ltd. and
its clients (BO - Beneficial owner) the infrastructure of Demat (Dematerialized)
Accounts. CDSL securely holds all financial assets of our clients in electronic
form and aids in the smooth and secure facilitation of transactions. Investors must
consider the trust-worthy stock trading platforms like Ajmera Group.
The depository may be organizations, banks, or institutions that hold securities
and assists in the trading of securities. Depository in stock market is one of the
primary functions of a depository is to transfer the ownership of shares from one
investor account to another when a trade is made. Depository services in India contain
Dematerializing your shares,
mutual funds , and commodity in electronic form. It has a facility for holding
securities, which enables security for transactions by book entry. Depository services
have multiple transaction options with minimum transaction costs, fast transfers
of securities results in increased liquidity, it also has monthly holding and transaction
statements. Depositors as banks and other financial institutions depository in stock
market give consumers a place to come in order to make deposits or demand deposits.
Depository services have a facility of SMS alert for debits and credits in your
Demat account. Securities such as stocks or bonds are also a form of deposits. The
institution holds the depository services securities in electronic form, when they
are deposited, which is also known as book-entry form or a paper certificate. Depository
Participant (DP) is an agent of the depository who is able to offer depository services.
It functions as a mediator between the issuing company and the investors. It opens
the account for the investors to maintain the securities account balance and conveys
them the status of their holding from time to time.
Ajmera Associates Ltd (DP) is responsible as Depository participant to provide all
its clients (Beneficial Owner), a statement of account, at predefined intervals,
which gives the details of the security holdings and transactions. Depository services
with Ajmera Associates LTD (DP) is a trust-worthy stock trading platform with an
effective and fully developed depository in stock market system which is essential
for maintaining and enhancing the efficiency of stock markets. This depository system
has been successful in eradicating the holding and storing of physical (paper-based)
certificates which were prone to duplication, forgery & loss leading to bad deliveries.
CDSL also provides an efficient platform for instantaneous transfer of securities.
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