Re: ROLE OF DEPOSITORIES -
June 8th, 2015
Before knowing about its meaning, it becomes to difficult to understand about Depositories:
Definition of Depositories Participant
In India, a Depository Participant (DP) is described as an agent of the depository. They are the intermediaries between the depository and the investors. The relationship between the DPs and the depository is governed by an agreement made between the two under the Depositories Act.