Essay About Depository Participants Of Nsdl And Depository Participantsof Nsdl

Depository Participants of Nsdl & Cdsl
[pic 1][pic 2][pic 3][pic 4]DEPOSITORY PARTICIPANTSOF NSDL & CDSL9/7/2016MFSVishal Kumar                     [pic 5]5 depository participant of CDSL : central depository securities limitedDBS BankDeutsche Bank A.GJ M Financial ServicesHDFC BankGlobe Capital MarketHow to become Depository Participants in CDSLIn terms of the Depositories Act, 1996 and SEBI (Depositories & Participants) Regulations, 1996, only the following entities are eligible to become a Depository Participant:Public Financial InstitutionBanks including Foreign BanksState Financial CorporationAn Institution engaged in providing financial services promoted by above mentioned jointly and severally.Custodian of SecuritiesClearing Corporation or Clearing House of a Stock ExchangeStock BrokerNon Banking Financial CompanyRegistrar & Transfer Agentsa) The minimum net worth requirement for a stock broker to become CDSL DP is 2 crores (INR).b) A stock broker having net worth of not less than 1 crore (INR) may be admitted as CDSL DP under category Limited Depository Participant subject to condition that they will increase the net worth to at least 2 crores (INR) so as to be at par with existing stock broker DPs in terms of net worth requirement. Till such time the DP increases the net worth to at least 2 crores (INR) the DP under Limited DP category will be permitted to open only up to 5000 accounts. Such net worth is computed in the manner specified in the operating instructions issued by CDSL from time to time.The application which is complete in all respects and satisfying the abovementioned threshold criteria shall be considered by the Membership Committee of CDSL on its merits.5 depository  participant for NSDL : nationals depository security limitedAxis bankKotak Mahindra BankKotak SecuritiesICICI BankIL&FS Securities ServicesHow to become Depository Participant in NSDLIn terms of the Depositories Act, 1996 and SEBI (Depositories & Participants) Regulations, 1996, only the following entities are eligible to become a Depository Participant:Public Financial InstitutionBanks including Foreign BanksState Financial CorporationAn Institution engaged in providing financial services promoted by above mentioned jointly and severally.Custodian of SecuritiesClearing Corporation or Clearing House of a Stock ExchangeStock BrokerNon Banking Financial CompanyRegistrar & Transfer AgentsFulfilment of eligibility criteria laid down under Regulation 19, sub regulation (a) to (d) of the SEBI (Depositories and Participants) Regulations, 1996 and the admission criteria as enumerated in CDSL Bye-Law 5.2.