Towards making Indian Securities Market - Transparent, Efficient, & Investor friendly by providing safe, reliable, transparent and trusted record keeping platform for investors to hold and transfer securities in dematerialized form.
- To hold securities of investors in dematerialized form and facilitate its transfer, while ensuring safekeeping of securities and protecting interest of investors.
- To provide timely and accurate information to investors with regard to their holding and transfer of securities held by them.
- To provide the highest standards of investor education, investor awareness and timely services so as to enhance Investor Protection and create awareness about Investor Rights.
Details of business transacted by the Depository and Depository Participant (DP)
A Depository is an organization which holds securities of investors in electronic form. Depositories provide services to various market participants - Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors in both primary as well as secondary markets. The depository carries out its activities through its agents which are known as Depository Participants (DP). Details available on the link https://www.cdslindia.com/DP/dplist.aspx
Description of services provided by the Depository through Depository Participants (DPs) to investors
|Sr. No.||Brief about the Activity / Service||Expected Timelines for processing by the DP after receipt of proper documents|
|1||Dematerialization of securities||7 days|
|2||Rematerialization of securities||7 days|
|3||Mutual Fund Conversion / Destatementization||5 days|
|4||Re-conversion / Restatementisation of Mutual fund units||7 days|
|5||Transmission of securities||7 days|
|6||Registering pledge request||15 days|
|7||Closure of demat account||30 days|
|8||Settlement Instruction||Depositories to accept physical DIS for pay-in of securities up to 4 p.m. and DIS in electronic form up to 6 p.m. on T+1 day|
Depositories provide special services like pledge, hypothecation, internet-based services etc. in addition to their core services and these include.
|Sr. No.||Type of Activity /Service||Brief about the Activity / Service|
|1||Value Added Services||Depositories also provide value added services such as
a. Basic Services Demat Account (BSDA)
b. Transposition cum dematerialization
c. Linkages with Clearing System
d. Distribution of cash and non-cash corporate benefits (Bonus, Rights, IPOs etc.), stock lending.
|2||Consolidated Account statement (CAS)||CAS is issued 10 days from the end of the month (if there were transactions in the previous month) or half yearly(if no transactions).|
|3||Digitalization of services provided by the depositories||Depositories offer below technology solutions and e-facilities to their demat account holders through DPs:
a. E-account opening
b. Online instructions for execution
c. e-DIS / Demat Gateway
d. e-CAS facility
e. Miscellaneous services
Details of Grievance Redressal Mechanism
The Process of investor grievance redressal
|1||Investor Complaint/ Grievances||
Investor can lodge complaint/ grievance against the Depository/DP in the following ways:
a. Electronic mode:
For tracking of your grievance, we request you to submit the same online through the portal.
The complaints/ grievances lodged directly with the Depository shall be resolved within 30 days
|2||Investor Grievance Redressal Committee of Depository||Click here|
|3||Arbitration proceedings||Click here|
For the Multi-level complaint resolution mechanism available at the Depositories please refer to link - Complaint Resolution process at Depositories
Guidance pertaining to special circumstances related to market activities: Termination of the Depository Participant
|Sr. No.||Type of special circumstances||Timelines for the Activity/ Service|
||Client will have a right to transfer all its securities to any other Participant of its choice without any charges for the transfer within 30 days from the date of intimation by way of letter/email.|
Dos and Don'ts for Investors
For Do's and Don'ts please refer to the link - Dos and Don'ts for Investor
Rights of investors
For rights, please refer to the link - Rights of investors
Responsibilities of Investors
For responsibilities please refer to the link - Responsibilities of Investors