It serves as an intermediary between the investor and the depository who is authorised to maintain the accounts of dematerialized shares.
Which of the following is being referred in the given lines?
Answer & explanation
Correct answer: option 1
The correct answer is option 1- Depository participant.
Depository participant is being referred in the given lines.
The depository participant (DP) serves as an intermediary between the investor and the Depository (NSDL or (CSDL) who is authorised to maintain the accounts of dematerialised shares.