benefits of depository system ?

It reduces the cost of the issue and the transfer of securities by eliminating stamp duty. It reduces the scope of theft, forgery damages to securities certificates. It eliminates bad deliveries. It entitles the transferee to all the rights associated with the securities immediately on the settlement of purchase transaction.

Dear Friend, -It reduces the cost of the issue and the transfer of securities by eliminating stamp duty. -It reduces the scope of theft, forgery damages to securities certificates. -It eliminates bad deliveries. -It entitles the transferee to all the rights associated with the securities immediately on the settlement of purchase transaction. -It enhances the liquidity of securities in the market. -It makes faster disbursement of non cash corporate benefits like rights, bonus, etc. possible. -It reduces brokerage by many brokers for trading in dematerialized securities. -It eliminates problems relating to change of address of investors, transmission etc. -It eliminates problems relating to selling securities on behalf of a minor.

The benefits from the depositary system are following: It reduces the cost of the issue and the transfer of securities by eliminating stamp duty. It reduces the scope of theft, forgery damages to securities certificates. It eliminates bad deliveries. It entitles the transferee to all the rights associated with the securities immediately on the settlement of purchase transaction. It enhances the liquidity of securities in the market. It makes faster disbursement of non cash corporate benefits like rights, bonus, etc. possible. It reduces brokerage by many brokers for trading in dematerialized securities.

**BENEFITS OF DEPOSITORY SYSTEM** Hi, Following are the benefits of depository system No danger of loss of share certificates since the shares are credited to your account. No possibility of bad deliveries. Elimination of all rise associated with physical certificates such as loss, theft, forgery, mutilation etc. No need to affix share transfer stamp as it is a paperless trading. No postal / courier charges. Less brokerage charges. After the settlement, pay in and pay out are on the same day for paperless trading which means you get your securities and cash immediately. Scriptless trading helps allocate corporate benefits faster. Facilitates pledging and hypothecation of securities Eliminates the problem of odd lot shares. Facility to lock your account if you are abroad. Thanks

Hie Uma, **The benefits from the depositary system are following:** - It reduces the cost of the issue and the transfer of securities by eliminating stamp duty. - It reduces the scope of theft, forgery damages to securities certificates. - It eliminates bad deliveries. - It entitles the transferee to all the rights associated with the securities immediately on the settlement of purchase transaction. - It enhances the liquidity of securities in the market. - It makes faster disbursement of non cash corporate benefits like rights, bonus, etc. possible. - It reduces brokerage by many brokers for trading in dematerialized securities. - It eliminates problems relating to change of address of investors, transmission etc. - It eliminates problems relating to selling securities on behalf of a minor.

Dear Uma, The benefits from the depositary system are following: 1) It reduces the cost of the issue and the transfer of securities by eliminating stamp duty. 2) It reduces the scope of theft, forgery damages to securities certificates. 3) It eliminates bad deliveries. 4) It entitles the transferee to all the rights associated with the securities immediately on the settlement of purchase transaction. 5) It enhances the liquidity of securities in the market. 6) It makes faster disbursement of non cash corporate benefits like rights, bonus, etc. possible. 7) It reduces brokerage by many brokers for trading in dematerialized securities. 8) It eliminates problems relating to change of address of investors, transmission etc. 9) It eliminates problems relating to selling securities on behalf of a minor. Any other query feel free to contact us Writer CA chitranjan Agarwal