State the services provided by depositories very briefly. - Vidyadip

Question

State the services provided by depositories very briefly.

✓

Answer

Functions $($services$)$ of the depositories:

Convert physical shares $($paper format$)$ into electronic format $($dematerialized format$).$
Keep deposit of these securities in electronic form i.e. preserve them.
Transfer the ownership of shares from one investor’s account into another when the two investors involve in buying and selling.

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