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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 .
A demat account is opened on the same lines as that of a Bank Account. Prescribed Account opening forms are available with the DP, needs to be filled in. Standard Agreements are to be signed by the Client and the DP, which details the rights and obligations of both parties.
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]
The main e-stamping facility was opened on 3 July 2008 in New Delhi, India and was inaugurated by Chief Minister Sheila Dikshit.The goal of the e-stamp was to "prevent paper and process-related fraudulent practices" according to the SHICL chairman and managing director at that time, RC Razdan.
Although India had a vibrant capital market which was more than a century old, the paper-based settlement of trades caused substantial problems such as bad delivery and delayed transfer of title. The promulgation of the Depositories ordinance in 1995 paved the way for the establishment of National Securities Depository Limited (NSDL), the first ...
Reliance Securities Limited is a broking arm of Reliance Capital. [1] It is one of India’s largest retail broking houses with over 1 million customers and a pan-India presence at more than 1,700 locations. [2]
Coimbatore Stock Exchange Limited, (CSE) was a stock exchange in Coimbatore, India. It was granted recognition as a stock exchange by the Securities and Exchange Board of India (SEBI) in 1991. [1] In 1999, the exchange had refrained from restraining its members from furnishing unlimited personal guarantee to other exchanges. [2]
CAMSfinserv conducts account aggregation services in India. CAMS Investor Services Pvt Ltd ("CAMS KRA") is a SEBI registered KYC Registration Agency (KRA) providing KYC registration services [ 9 ] [ 10 ] and maintains KYC investor records, on behalf of registered capital market intermediaries, eliminating the need to repeat KYC.