Which of the following does not aptly describe Demat Account in India?
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It refers to a dematerialized account for individual Indian citizens to trade in listed stocks or debentures in paper form.
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It is required for investors by the Securities and Exchange Board of India (SEB).
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In a Demat account, shares and securities are held electronically.
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This account is opened by the investor while registering with an investment broker (or sub-broker).
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Access to the Demat account requires an internet password and a transaction password.
A Demat account holds securities in electronic/dematerialized form, NOT paper form. This is the entire point of dematerialization - eliminating physical paper certificates. Option A incorrectly states that a Demat account is for trading in 'paper form,' which is the opposite of what Demat accounts do. Options B, C, D, and E correctly describe aspects of Demat accounts (SEBI requirement, electronic holding, opened through brokers, password-protected access).