Financial Services

Financial services is a term used to refer to the services provided by the finance industry. Financial services is also the term used to describe organizations that deal with the management of money and includes merchant banks, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages. Financial services is the largest industry …

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National Securities Clearing Corporation Ltd. (NSCCL) Clearing and Settlement

The NSE is a Mumbai-based stock exchange. It is the largest stock exchange in India and the third largest in the world in terms of volume of transactions. The National Securities Clearing Corporation Ltd. (NSCCL), a wholly owned subsidiary of NSE, was incorporated in August 1995. It was the first clearing corporation to be established …

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Services Provided by a Depository

Depository is an entity that holds securities. It holds no physical certificates but communicates with companies, or their agents, by electronic means. Depository participants are usually banks and brokerage houses who have a direct link with the depository. Depository advises all participants of the holdings they retain in the depository and normally through an on-line …

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Depository System in India

Multi-Depository System: The depository model adopted in India provides for a competitive multi-depository system. There can be various entities providing depository services. Dematerialisation as against immobilization: The model adopted in India provides only for dematerialisation of securities. This is a significant step in the direction of achieving a completely paper-free securities market. Many of the …

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The Relevance of the Depository System in India to Non Resident Indians

The risks and cost associated with dealing in the physical form has always been very high for the NRI investors. The depository system, which allows the investor to hold securities in an account and to transfer theses securities by means of account transfers provides an efficient solution to these problems and substantially removes the inconveniences …

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THE DEPOSITORIES ACT, 1996

In April, 1996 the governing board of SEBI approved the draft of SEBI (Depositories and Participants) regulations 1996. The Securities and Exchange Board of India notified these regulations on may 16, 1996. The Government of India in 1996 introduced in Lok Sabha. Format: HTML | Size: — Source: SEBI Read This Article

What is dematerialisation?

Dematerialisation is the process by which physical share certificates of an investor are converted to an equivalent number of securities in electronic form and credited into the investor’s account maintained with his/her depository participant (DP). It is like having a bank account where instead of money, you hold securities in your account. Format: HTML | …

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Mergers and Acquisitions: Introduction

Mergers and acquisitions (M&A) and corporate restructuring are a big part of the corporate finance world. Every day, Wall Street investment bankers arrange M&A transactions, which bring separate companies together to form larger ones. When they’re not creating big companies from smaller ones, corporate finance deals do the reverse and break up companies through spinoffs, …

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