Central Depository Services Limited India
Introduction
Central Depository Services (India) Limited (CDSL) was forced by Bombay Stock Exchange Limited (BSE) collectively with guiding banks such as State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, banner Chartered Bank, and Union Bank of India and Centurion Bank. The balances in the investors account showed and asserted with CDSL can be experienced done the DP.
The DP is called for to supply the investor, at regular musical interval, a argument of account which gives the points of the securities holdings and deals. CDSL invites the application forms for enlisting A deposit helps holding of securities in the electronic form and enables securities transactions to be treated by book entry by a Depository Participant (DP), who as an agent of the depository, offers depository services to investors. According to SEBI guidelines, financial institutions, banks, custodians, stockbrokers, etc. are eligible to act as DPs.
The investor who is known as beneficial owner (BO) has to open a demat account through any DP for dematerialization of his holdings and transferring securities.
The balances in the investors account recorded and exerted with CDSL can be obtained through the DP. The DP is commanded to furnish the investor, at regular intervals, a statement of account which collapses the items of the securities holdings and transactions. The depository system of rules has effectively eliminated paper-based certificates which were prostrate to be fake, forged, counterfeit ensuing in bad deliveries. CDSL offers an efficient and instantaneous transfer of securities.
CDSL Products
SMS Alerts Related to Transactions
Electronic Access to Securities Information
Electronic Access to Securities Information and Execution of Secured Transaction
Address
Central Depository Services (India) Limited (CDSL)
Mumbai Office
Phiroze Jeejeebhoy Towers,
16th Floor, Dalal Street
Mumbai – 400 001
Phone: 91-22-22723333
Fax: 91-22-22723199 / 22722072