Earlier, there used to be physical share certificates issued, which are now converted to Electronic form. A depository holds securities (like shares, debentures, bonds, mutual fund units etc.) of investors in electronic form (demat form) through a registered Depository participant (DP). It also provides services related to transactions in securities. A DP is an agent of the depository through whick it interfaces with the investor and provides depository services. It is now compulsory for every investor to open beneficial owner (BO) account to apply in IPOs/FPOs or to trade in the stock exchanges.
Grow Wealth Investment 