Dematerialisation of Securities in Indian Capital Market; A Paradigm Shift through Depository System

V Shacheendran

doi:10.34293/commerce.v8i3.3264

V Shacheendran Lecturer, Department of Commerce, GPM Government College, Manjeshwar, Kasaragod, Kerala, India https://orcid.org/0000-0002-5441-2145

DOI: https://doi.org/10.34293/commerce.v8i3.3264

Keywords: Dematerialisation, Depository Participants, SEBI, NSDL, Indian capital market

Abstract

Dematerialization has initiated a new trend in securities trading and settlement. Indian capital market has embraced technological sophistication by permitting electronic trading in securities. Depositors Act, 1996 has facilitated the setting up of depositories and dematerialization of securities. This paper attempts to evaluate the progress of dematerialization in India. For the study, data has been used that of the National Stock Exchange of India Ltd. (NSE), the largest stock exchange in India.