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Technology has brought about a drastic change in our everyday lives. The stock
markets too have not been left untouched by the change. In 1875, the Bombay Stock Exchange was
founded with an open outcry floor trading exchange. Traders would stand on the floor and shout
prices of stocks for buying or selling. Then, money would be exchanged for physical receipts of the
shares called the certificate. This led to a great amount of paperwork. Even the settlements of trade
agreements took time because of the need to deliver the share certificates.
In India, shares and securities are held electronically in a dematerialized (or "Demat") account,
instead of the investor taking physical possession of certificates. A Dematerialized account is opened
by the investor while registering with aninvestment broker (or sub-broker). The
Dematerialized account number is quoted for all transactions to enable electronic settlements of
trades to take place. Every shareholder will have a Dematerialized account for the purpose of
transactingshares.
Access to the Dematerialized account requires an internet password and a transaction password.
Transfers or purchases of securities can then be initiated. Purchases and sales of securities on the
Dematerialized account are automatically made once transactions are confirmed and completed.
The market regulator, securities and exchange board of India (SEBI) mandates a demat account for
share trading above 500 shares. As of April 2006, it became mandatory that any person holding a
demat account should possess a permanentaccount number (PAN), and the deadline for submission
of PAN details to the depository lapsed on January 2007.
Objectives
An objective is the brainchild behind any project report. A project report will always have a certain
objective which needs to be accomplished. Following are the objectives behind the preparation of
my project at Indiabulls securities Ltd.
To Compare Indiabulls Online share trading account with the big players in the Market i.e.
ICICI, KARVY, HDFC, RELIENCE MONEY as well as with INDIA INFOLINE
Identify the areas where INDIABULLS Scores above its competitors and what are its weak
links.
Know the market potential of INDIABULLS considering the fact that there are many competitors
in this field with some more firms expected to join the fray in the near future. This will be done
with the help of a questionnaire. Provide suggestions to the company regarding what else it can
do to stand apart in this ever competitive field and thereby emerge as a market leader.
To understand the company, its achievements and tasks, products and services and also to
collect information about its competitors, its products and services offered.
After understanding and collecting information about the organization and its competitors, a
trainee will be able to work well for the organization.
Convenience: When we want to sell our dematerialized shares or redeem our debentures in
DEMAT account; there are no hassles of filling up transfer forms, sending redemption requests
or any other messy, costly and time-consuming paper work. We can conveniently transfer our
securities through electronic transfers or just by signing one 'Delivery Instruction Slip', which is
nothing but our chequebook for DEMAT Accounts.
Reference :
www.Indiabulls.com
www.Investopedia.com
www.powerindiabulls.com
www.bseindia.com
www.nseindia.com
www.moneycontrol.com
www.equitymarket.com
www.demat.com