This document provides an overview of India's depository system. It defines a depository as an entity that holds securities electronically on behalf of investors. India has a multi-depository system with two main depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). The key constituents of the depository system are the depository, depository participants who act as agents between the depository and investors, issuing companies, and investors. Only specified financial institutions are eligible to become depository participants.
Meaning, need and benefits of depository system in India, difference between demat and physical share, depository process, functioning of NSDL and SHCIL Importance of Debt market in capital market, participant in the debt market, types of instrument treated in the Debt market, primary and secondary segments of debt market.
What Is A Demat Account | Demat Account IntroductionDhanashri Academy
Demat Account or dematerialized account provides the facility of holding shares and securities in electronic format. During online trading, shares are bought and held in a demat account, thus facilitating easy trade for the users. A Demat Account holds all the investments an individual makes in shares, government securities, exchange-traded funds, bonds and mutual funds in one place.
Meaning, need and benefits of depository system in India, difference between demat and physical share, depository process, functioning of NSDL and SHCIL Importance of Debt market in capital market, participant in the debt market, types of instrument treated in the Debt market, primary and secondary segments of debt market.
What Is A Demat Account | Demat Account IntroductionDhanashri Academy
Demat Account or dematerialized account provides the facility of holding shares and securities in electronic format. During online trading, shares are bought and held in a demat account, thus facilitating easy trade for the users. A Demat Account holds all the investments an individual makes in shares, government securities, exchange-traded funds, bonds and mutual funds in one place.
Demat Account - Dematerialized Account
Demat account is the place to hold shares electronically, earlier the shares were transacted physically in the form of papers as certificates.
Demat account is necessary to do trading in the stock market, along with demat account you must have trading and bank account.
If all the three accounts are at the same depository participants the transactions become more feasible and simpler.
Demat account act as a trust to hold your shares the custody of which lies with the bank or the broker firm where the account is opened
It helps in keeping a track of shares transactions including sales, purchase, no. of units, price etc.
Amount to buy the shares is deducted from the linked bank account and goes into the trading account where the purchasing takes place and from there it goes to demat account where the units of shares are hold in electronic form.
And the same procedure is repeated in case of selling of the shares just the vice-versa.
Documents Required- PAN card, Aadhar card, Passbook/Cheque/ Bank account statement, Passport size photo
Charges Involved in Demat account – Account opening charge, Yearly maintenance charge, brokerage charge
Advantages of Demat System-
Easy and convenient way to hold securities
Reduced paperwork for transfer of securities
It ensures transfer settlements and reduces delay in registration of shares. It ensures faster communication to investors. It ensures faster payment on sale of shares.
Disadvantages-
For dematerialized securities, the role of key market players such as stock-brokers needs to be supervised as they have the capability of manipulating the market
Agreements are entered at various levels in the process of dematerialization. These may cause worries to the investor desirous of simplicity.
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1. DEPOSITORY
SYSTEM IN
INDIA
BY :• SHASHI GAHERWAR-8202.
• TASHI TSERING-8254
• TENZIN LONDEN-8252
• SUNIL BIRAJDAR-8236
• ONKAR ARVIKAR-8251
2. What is Depository ?
• A depository can be compared to a bank. A
Depository holds securities of investors in
electronic form.
• A system in which securities of an investor are
held by depository on behalf, and at the request,
of an investor in an Electronic Form.
• This system is also know as Scrip Less Trading
system.
3. Features of Depository system
• In the depository system, securities are held in
depository accounts, which is more or less similar
to holding funds in bank accounts.
• Transfer of ownership of securities is done through
simple account transfers.
• This method does away with all the risks and
hassles normally associated with paperwork.
• Consequently, the cost of transacting in a
depository environment is considerably lower as
compared to transacting in certificates.
4. Constituents of depository system
There are basically four
participant:
• The Depository
• The Depository Participant
• The Issuing Company
• The Investor
5. Who can be a depository:
Depository Act, 1996 provides that Depository means:
•
A company formed and registered under the
companies Act, 1956, and
•
Which has got a Certificate of Registration from
the SEBI.
6. Depositories in India
• The depository model adopted in India provides
for a competitive multi-depository system. There
can be various entities providing depository
services.
Such system is known as MultiDepository System.
• At present two Depositories are registered with
SEBI.
• NSDL & CDSIL
7. NATIONAL SECURITIES DEPOSITORIES LIMITED
(NSDL)
• NSDL is the first and
largest depository in
India,
and
established in August
1996
• It has 288 depository
Participants (as on
20.12.12)
• Address:
Trade World, a Wing, 4th
&5th Floors
Kamala Mills Compound
Lower Parel
Mumbai 400013 website:
nsdl.co.in
8. PROMOTERS OF NSDL
1. Industrial Development Bank of India Limited
2. Unit Trust of India
3. National Stock Exchange of India Limited .
9. SHAREHOLDERS OF NSDL
•
•
•
•
•
•
•
•
•
•
State Bank of India
Oriental Bank of Commerce
Citibank
Standard Chartered Bank
HDFC Bank Limited
The Hongkong and Shanghai Banking Corporation
Limited
Deutsche Bank
Dena Bank
Canara Bank
Union Bank of India
10. CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED
(CDSIL)
• This is the second • Address:
depository in India.
Phiroz Jeejeebhoy
• This was formed and
Towers
registered in 1999.
16th Floor, Dalal Street
• It has 455 DPs as on
Mumbai website:
4.08.08
www.cdslindia.com
12. SHAREHOLDERS OF CDSL
•
•
•
•
•
•
•
Standard Chartered Bank
Centurion Bank of Punjab Ltd
Canara Bank
Union Bank of India
Bank of Maharashtra
Jammu and Kashmir Bank Limited
The Calcutta Stock Exchange Association
Limited
• Others
13. Who Is Depository Participant:
• A Depository Participant (DP) is an agent of the
depository through which it interfaces with an
investor.
• A DP can offer depository services only after it
gets proper registration from SEBI.
• A DP is just like a Branch of a Bank .
14. Who can be Depository Participant?
In terms of the Depositories Act, 1996, SEBI (Depositories
& Participants) Regulations,1996, only the following
entities are eligible to become a Depository Participant:
•
•
•
•
•
Financial Institutions,
Banks, including approved foreign bank
Custodians,
Stockbrokers,
A clearing corporation or a clearing house of a
stock exchange
• A non-banking finance company,
• A registrar to an issue or share transfer agent