A. Additional Information required By SEBI in prescribed format.
B. Board resolution authorising the applicant to make an application to NSDL to become a Participant.
C. Networth Certificate (based on previous year's audited financial statements) and computation sheet as per the format prescribed.
D. Note on Business History -
a. Background and details of experience of promoters and directors
b. Core business areas
c. Applicant's background in format prescribed
d. Applicant's track record in format prescribed
E. Information about applicant in Form A in format prescribed.
F. If applicant and affiliates / subsidiaries of applicant are registered with the stock exchange as a member and / or CDSL as a Participant, submit Status Report issued by stock exchange and / or CDSL.
G. If the status report contains remarks pertaining to pending dues, Investor Grievance case(s), Arbitration Case(s), Disciplinary action etc., please submit the details and current status of the same along-with the relevant supporting documents. In case there are any pending dues, fines / penalty etc., please confirm whether the same have been paid and
submit the proof of the payment of the same..
H. Payment of prescribed Application fee and Entry fee.
On receipt of complete set of documents, the application will be placed before the Member Committee of NSDL. Upon its approval, you will be required to procure necessary infrastructure, hardware and software. Further, application shall be forwarded to SEBI for grant of certificate of registration as a Participant of NSDL.
You will also be required to depute your staff for attending the three days' training programme conducted at NSDL, Mumbai office to familiarize them with NSDL system. Also the staff will have to obtain NISM - Depository Operations Certificate Examination / CPE qualification.
Upon installation of necessary infrastructure, hardware and software and on completion of necessary system testing, NSDL will conduct a pre-activation on-site inspection.
On completion of aforesaid, you will be activated as a Participant in pilot environment for testing purpose, which needs to be completed successfully.
On receipt of approval from SEBI, you will be required to pay the prescribed fee payable to SEBI and NSDL. You will be required to enter into an agreement with NSDL as a Participant of NSDL.
After completion of the above requirements, you will be made operational in NSDL system as a Participant.