Central Depository Services
| Nehal Vora (Managing Director & CEO)|
Central Depository Services (India) Limited (CDSL) was initially promoted by the BSE Ltd. which thereafter divested its stake to leading banks. CDSL received the certificate of commencement of business from the Securities and Exchange Board of India (SEBI) in February 1999.
The main function of CDSL is to facilitate holding of dematerialised securities enables securities transactions to be processed by book entry.
CDSL facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges. These securities include equities, debentures, bonds, Exchange traded Funds (ETFs), units of mutual funds, units of Alternate Investment Funds (AIFs), Certificates of deposit (CDs), commercial papers (CPs), Government Securities (GSecs) and Treasury Bills (TBills).
CDSL was listed on June 30, 2017 on the National Stock Exchange (NSE) through Initial Public Offer (IPO) and thereafter became the first and the only depository to get listed in Asia-Pacific region and second in the World
The balances in the investors account recorded and maintained with CDSL can be obtained through the Depository Participant (DP). The DP is required to provide the investor, at regular intervals, a statement of account which gives the details of the securities holdings and transactions. The depository system has effectively eliminated paper-based certificates which were prone to be fake, forged, counterfeit resulting in bad deliveries. CDSL offers an efficient and instantaneous transfer of securities.
- "Holding the key to CDSL's growth". Sify.com. 25 August 2010. Retrieved 12 February 2011.
- "CDSL reduces demat charges to Rs 5. - PTI - The Press Trust of India Ltd. | HighBeam Research - FREE trial". Highbeam.com. 12 December 2005. Retrieved 12 February 2011.[dead link]
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