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 …
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 …
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 …
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
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 | …
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, …
A quick scan of the business press over the years would reveal one common thread of business activity – mergers and acquisitions (M&A). Companies for a long time now have readily adopted this route to business domination and market leadership. Examples of glorious and often controversial M&As are galore in the business world – Procter …
A firm with multiple partners should consider several vitally important items when developing an expansion plan that involves mergers or acquisitions of accounting practices. Below are nine key things to initially keep in mind. By: Joel L. Sinkin and Terrence E. Putney, CPAs, Accounting Transitions Solutions, LLP, Merger and Transition Consulting Exclusively for Public Accounting …
The Insurance sector in India governed by Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and other related Acts. This article provide information about general insurance, LIC, and GIC Format: HTML | Size: — Source: Economywatch Read This Article
Rural India is a target market for many players in the financial sector, and insurance companies are no exception. While public sector insurance companies boast that they have already captured this area, the extent of penetration of the insurance majors into rural India is not yet clear. With the reform process, public sector banks reduced …