1. What are the benefits of a depository?
The benefits of participation in a depository are:

1. Immediate transfer of securities
   
   
2. No stamp duty on transfer of securities
   
   
3. Elimination of risks associated with physical certificates such as bad delivery, fake securities , etc.
   
   
4. Reduction in paperwork involved in transfer of securities
   
   
5. Reduction in transaction cost
   
   
6. Nomination facility