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What services do depository participants provide to stock investors?
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New Delhi, Dec. 2 -- A depository participant (DP) is the entity appointed by a depository through which its services are provided to investors.
The investor opens a demat account with a DP to avail services such as dematerialization and rematerialization of shares, maintaining a record of securities held by the investor, settlement of trades by delivery or receipt of securities for transactions done by the investor on the stock exchange, credit of securities on account of subscription in an IPO or rights and bonus securities received, among others.
To be a DP, the entity has to comply with the eligibility requirements prescribed in the SEBI (Depository and Participants) Regulations, 2018. The applicant has to be a public financial inst...
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