INDEX CHAPTER 1- INTRODUCTION TO THE CONCEPT; 1. Objective; 2. Research Methodology; 3. Hypothesis; 4. Research Questions; CHAPTER 11- ELECTRONIC TRADING VERSUS MANUAL TRADING; 1. The conventional system of manual transfer; 2. Evolution of paperless trading in India & across the world; CHAPTER 111- DEPOSITORY; 1. Depository Models; 2. Legal Framework; 3. The Depositories Act, 1996; 4. Procedure under the Depositories Act, 1996; 5. Procedure For Setting up a Depository; 6. Rights and Obligations of Depositories; 7. Records to be maintained by Depositories; 8. Regulation of Depositories; 9. Safeguards With Depositories; 10. Functions of Depositories; 11. Bye-Laws of a Depository; 12. Registered Depositories in India CHAPTER IV- DEPOSITORY PARTICIPANTS; 1. Who can be a Depository Participant? 2. Rights and Obligations of Depository Participants; 3. Code of Conduct of Depository Participants; 4. Accounts of Depository Participants and their Maintenance; 5. Records to be maintained by Depository Participants; CHAPTER V- DEMATERIALIZATION; 1. Procedure for Dematerialization; 2. Advantages of Dematerialization; 3. Options to receive security certificate or hold securities with a depository; 4. Dematerialization; 5. Pledge and Hypothecation of Securities; CHAPTER VI - EFFECT OF DEMATERIALIZATION ON OWNERSHIP OF SHARES; CHAPTER VII- DEPOSITORIES IN THE UNITED KINGDOM AND IN UNITED STATES OF AMERICA; CHPTER VIII. CASES INVOLVING DEPOSITORY .PARTICIPANTS; CHAPTER IX. SUGGESTIONS AND CONCLUSION; X. BIBLOGRAPHY