Depository Receipts in India
Author: Nikhil Rajpurohit Depositories came into being in India only after the enactment of Depositories Act 1996. The act paved the way for establishment of NSDL (National Securities Depositories Limited), the first depository in India. NSE joined hands with leading financial institutions to establish the NSDL, with the objective of enhancing the efficiency in settlement…