What is e-Voting? An e-Voting is voting via an electronic system where shareholders can vote on resolutions of companies requiring voting via Postal Ballot as per extant rules and regulations without having the necessity of sending their votes by post. MCA (Ministry of Corporate Affairs) has authorized NSDL for setting up an electronic platform to facilitate shareholders to … [Read more...]
NSDL and CDSL provide depository services to investors and clearing members via market intermediaries called Depository Participants (DPs). NSDL and CDSL both doesn’t charge the investors directly but charges its DPs, who are free to have their own charge structure for their clients. In other words, the DP charges are applicable whenever an individual sell any share from … [Read more...]
NSDL: Consolidated Account Statement (CAS)
As per the Interim Budget announcement in 2014 to create one record for all financial assets of every individual SEBI had been a big discussion with the Depositories, Registrar and Transfer Agents (RTA) and the Association of Mutual Funds in India (AMFI) to implement the above concept for financial assets in respect of securities market. It had been decided to enable a single … [Read more...]
Investor’s account opening process in NSDL and CDSL
When an investor wants to invest in the stock market. They need to open a Demat account in any Depository Participants (DPs) which is registered under CDSL and NSDL (Two depositories service provider in India which are registered with SEBI). DP is the retail broking website under which an investor opens a Demat account which helps investors to deal with securities. The DPs must … [Read more...]
How many depositories or depository systems are in India? And how it works?
Depository System in India Depository system is an organization where the financial securities are held in dematerialized form in the same way as a bank holds money. It provides services related to various transactions such as stocks, shares, bonds, and other classes of securities and also responsible for maintenance of electronic records and provide facilitation of trading in … [Read more...]