In case of any discrepancy in the transaction statement, one can contact his or her DP. If the discrepancy cannot be resolved at the DP level, the aggrieved investor should approach the Depository. In case of any investor complaint, problem or query one may first contact his DP. If DP is unable to solve the complaint, problem or query one should approach concerned depository. If one is not satisfied, one may approach SEBI. One may also approach SEBI directly. DPs have to provide transaction statement to their clients once in a month, if there are transactions and once in a quarter, if there are no transactions.
The proper name for the stock market is stock exchange, a market where trading in securities is conducted on an organized basis and for each transaction one gets the transaction statement. Markets grew as a result of the practice of jointly subscribing capital for governments and for business operations that trace back to medieval times in many European countries. When this practice became more frequent, subscribers began to transfer their holdings to others and later to switch their investments from one security to another. So transaction statement is provided for the transfer of their holdings.
Before computers or computational machinery to track transfers, it was important to evolve some method to show a particular portion of a subscribed fund was provided by a specific individual demonstrating his right to dispose of it. This was done by means of a certificate issued by the organization raising the capital and which, with certain safeguards, was readily transferable. Stock certificates proved ownership of stated amounts of capital and were generally used for this purpose. This is how the market originated. Thus transaction statement is very essential for the investors.
TRANSACTION statement begins a read-only or read-write transaction,transaction fee,transaction log,select statement
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The depository participant gives a transaction statement or holding statement periodically, which will contain details of the current balances and various transactions made through the depository account. DP may provide the transaction statement at intervals shorter than the stipulated ones at a cost. Moreover, DPs can provide transaction statement in electronic form under digital signature subject to their entering into a legally enforceable arrangement with the Beneficiary owners to this effect.
The depository participant gives a transaction statement or holding statement periodically, which will contain details of the current balances and various transactions made through the depository account. DP may provide the transaction statement at intervals shorter than the stipulated ones at a cost. Moreover, DPs can provide transaction statement in electronic form under digital signature subject to their entering into a legally enforceable arrangement with the Beneficiary owners to this effect.
