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A demat account is an Indian term for a dematerialized account that holds financial securities (equity or debt) digitally for traded shares in the share market.In India, demat accounts are maintained by two depository organizations: the National Securities Depository Limited and the Central Depository Services Limited.
In February 1999, CDSL received certificate of commencement of business from Securities and Exchange Board of India (SEBI). [7] On 30 June 2017, CDSL was listed on the National Stock Exchange (NSE) through initial public offering (IPO) [8] making it the first depository in Asia-Pacific region and only the second depository in the world to get listed.
As of 2012, there were 288 DPs of NSDL and 563 DPs of CDSL registered with SEBI. [ 1 ] [ 2 ] SEBI (D&P) Regulations, 1996 prescribe a minimum net worth of Rs. 50 lakh for stockbrokers , R&T agents and non-banking finance companies (NBFC), for granting them a certificate of registration to act as DPs.
National Securities Depository Limited (NSDL) is an Indian central securities depository under the jurisdiction of Ministry of Finance, Government of India based in Mumbai. The enactment of Depositories Act, December 1995 paved the way for establishment of NSDL. It was established in 1995 as the first electronic securities depository in India ...
The food delivery platform hid fees until the last minute, misled Grubhub+ subscribers to believe they can avoid fees, and blocked some customers from using their gift card balances, according to ...
First-round players to watch, keys to the game. For the first time ever, there will be College Football Playoff games on campuses. Notre Dame-Indiana will get things started on Friday night before ...
A direct holding system is an arrangement for registering ownership of securities (or similar interests) whereby every final investor in the security is registered with a single entity (for example, the issuer itself, a CSD, or a registry). In some countries, the use of a direct holding system is required by law.
Dogs and cats are some of the best emotional support animal breeds – they seem to have an uncanny way of knowing exactly when their humans are in need of a little bit of extra attention and ...