Analysis of Dematerialisation of Securities
DOI:
https://doi.org/10.26703/jct.v6i1.360Keywords:
Dematerialisation, Securities, India, NSDL, CDSLAbstract
Rapid pace of technical advancement and evolution of e-business has broken out traditional and conventional mindset of the people. Since last decade, tremendous changes have taken place almost in every sector and financial sector being at forefront, has experienced greater amount of variation ranging from way of financing to investing. In this direction, there has been paradigm change in the method of maintaining the securities from physical holding to electronic form of holding popularly known as dematerialisation. The concept of dematerialisation of securities provides immense benefits to the investors and has been in practice in developed nation quite extensively. However in developing nations like India, it has been come to the existence since 1996 with the enactment of depository act. Being a new concept, very limited research work has been done in this direction. The present paper describes the development of the concept of dematerialisation particularly in India and attempts to analyse its future prospects. It attempts to explore opportunities and challenges to dematerialisation and submits certain recommendations to meet the challenges.
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