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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 .
CDSL is the largest depository in India in terms of number of demat accounts opened. In February, CDSL became the first depository in India to open 60 million active demat accounts. [4] As of March 2022, the depository holds assets worth ₹ 37.2 trillion, [5] with over 580 depository participants associated with CDSL. [6]
NSDL demat accountholders are present in more than 99% of pin codes in India and 189 countries across the globe. [citation needed] It contributes to majority of the settlement in the Indian securities markets and has more than 89% share in the total value of assets held in demat form in India. [citation needed]
QuickBooks is an accounting software package developed and marketed by Intuit.First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
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Correction/clarification: A previous version of this story incorrectly reported the timing of a lawsuit Florida State filed against the ACC regarding withdrawal from the conference.