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Capital Markets in India have been growing at a tremendous pace in terms of Market Capitalisation and number of investors. So as to facilitate paperless settlement, involving buying/selling and transfer of shares and securities in the country, the Government of India promulgated The Depositories Act, 1996 in August 1996.

The Depositories Act also aimed at improving the efficiency of the capital markets and the financial system, while protecting the interests of the investor- community. The Regulations under the act obviate the host of problems the investors used to face earlier in respect of delayed transfer of shares, non-receipt of dividends, bonus and rights, etc. The implementation of the regulations, under the said act, has helped investors get their lawful dues, in shape of dividends, bonus and rights, with transfer of shares in their names more promptly and efficiently. This can be ensured by opening a demat account.Under the provisions of the said Act, two Depositories have been approved to operate in India viz. National Securities Depository Ltd., (NSDL) and Central Depository Services (India) Ltd., (CDSL).

Depository : A depository holds shares and securities in electronic form in your name, just as a bank holds your deposits in your account. Besides holding securities, a depository also provides services related to your transactions in securities.

Central Depository Services (India) Ltd., (CDSL) : It has received approval from SEBI in February 1999. It is promoted by The Bombay Stock Exchange, Mumbai (BSE) jointly with leading banks such as State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank, Union Bank of India and Centurion Bank. CDSL commenced its operations from July 1999. It has depository participants (like agents called branches) through out India.

BSE CM : INB 011229938
BSE FO: INF 011229938
NSE CM : INB 231229932
NSE FO : INF 231229932
NSE CURRENCY : INE 231229932
NCDEX MEMBERSHIP CODE : 00312
NCDEX FMC REGN : NCDEX/TCM/PART/0063
MCX FMC REGN : MCX/TCM/PART/1191
MCX MEMBERSHIP CODE : 31995
MCX SEBI REG NO : INE 261229932
MCX CURRENCY MEMBERSHIP CODE : 17600
ICEX : 1011
CDSL DP NO : 12044900
CDSL : IN-DP-CDSL-350-2006
ARN NO : 78125
SEBI Registration no. of USE : INE271229937
SEBI Registration no. of BSE Currency : INE011229938
FMC Reg. no. of ACE : ACEL/TCM/PART/0265
Member Code of ACE : 6096
 
 
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