Section 9 of DA, 1996 : Section 9: Securities In Depositories To Be In Fungible Form
DA, 1996
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Explanation using Example
Imagine you have purchased shares of a company and want to hold them electronically instead of having physical certificates. Under Section 9(1) of The Depositories Act, 1996, your shares can be held in a dematerialized (demat) form by a depository, making them easier to manage and trade. Once dematerialized, these shares are in a ...
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