The PG Department of Commerce in association with the Alumni Engagement Cell organized Alumni Reconnect Series-5 Session on ‘Depository and its Functioning’ on 1st December 2022. The Resource Persons for the session were Mr. Ameet Pinto and Mr. Sunit Pinto, Partners, SA Financial Services, Margao. The main objective of the session was to provide detailed and practical overview of depository services in India. Ms. Valencia Baptista, Asst. Prof. in Commerce welcomed the audience and gave a brief overview of the importance of the session. Ms. Priyanka Mitra from M.Com Part I introduced the Resource Person.
Mr. Ameet Pinto began the session with an overview of depositories by explaining about the reforms in the Indian securities market with the creation of SEBI, screen-based trading system of NSE, the T+2 Day settlement system and clearing corporations. He also described ‘depository’ and compared it to banks with an example. He explained why dematerialization was necessary and the benefits of availing depository system with the elimination of bad deliveries, forgeries, loss of certificate, reduced paperwork and so much more. He spoke about the services offered by the depository and how to open a Demat account by providing PAN card, Proof of identity, Proof of address and bank details. He also said that there can be up to 3 nominees for the nomination of a Demat account.
Thereafter, Mr. Sunit Pinto took over the session. He showed the audience a video on how the Speed-E system works and also the IDeAS system which is an internet-based Demat account statement. He also provided information about a certificate course for an individual to act as a Depository Participant that is valid for 3 years along with other such courses in this field.
Before the session concluded, there were questions posed by the audience that the Resource Persons answered willingly. The Vote of Thanks was given by Ms. Uma Pandit of M.Com-I and the session ended at 12:40pm. 35 students from M.Com Part I attended the session.
