![]() The Depository System aims at facilitating script less trading and settlement of securities in dematerialised form. It also involves problems like bad deliveries, forgery and fake certificates, tearing / mutilation due to bad handling, loss of certificates, delay in receipt due to huge volumes being handled by postal department, etc. ![]() The process begins with buying share certificates in paper form and ends with getting the certificates endorsed in the buyer's name. The traditional system of script based dealing in shares involves enormous paper work and is time consuming.
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