2. What is Depository Participant
1. A “Depository” is a provider of facility for holding securities in book entry or
electronic form
2. It is a bank for securities like shares, debentures, bonds, etc. It also facilitates
transactions in the securities held by it
3. A Depository Participant (DP) is described as an agent of the depository
4. They are the intermediaries between the depository and the investors
3. Current Scenario :
1. As per SEBI guidelines, w.e.f. 02 January 2002, all trades of shares
and securities will be settled only in Demat mode by all classes of
investors.
2. All investors will have to open a Demat account to trade in shares
and securities
3. R K Global is registered as a Depository participant with NSDL.
4. R K Global Offers :
1. Comprehensive depository services in which demat account is linked to
trading account of clients.
2. Automated pay-in and pay-out facility