Depository system and depositories importance for various parties

Abstract

Over the past few years, capital market has shown rapid growth .This growth has been possible just because of various initiative has been taken by government of India who enacted various act from time to time in order to regulate the activity .So in this paper a biggest reform of capital market has been given due importance which is known as Depository system. Its essential pillars have been studied and depositories meaning and its importance have been taken into deep study.