National Securities Depository Limited
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Statistics

August 31, 2019

arraw Investor Accounts - 1,89,16,477
arraw DP Service Centres - 31,205
arraw Demat Custody Value - 177.44
(₹ Lakh Crore)(US$ 2,483 billion)
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NSDL News

NSDL has reduced the registration fees for the NSDL Certifi cation in Depository Operations (NCDO) programmes from Rs.1,500 to Rs.500 per person. NCDO is a full day non-residential programme and covers various aspects of depository operations followed by a written test. Certifi cate is given to the participant on successful passing of the test which is valid for a period of fi ve years. The schedule of forthcoming NCDO programmes is given separately in this issue of NSDL Update.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0063 dated July 22, 2009.

With effect from July 7, 2009 NSDL has extended the deadline time for submission of pay-in instructions on SPEED-e, on the pay-in day for various market types from 9.30 a.m. to 10.00 a.m. In case there are multiple pay-ins of same market type for a stock exchange scheduled on the same day, the deadline time of submission of instructions on SPEED-e on the pay-in day will continue to be 8.00 am for all multiple pay-ins of same market type.This has been informed to Participants vide Circular No. NSDL/POLICY/SPEED-e/2009/0006 dated July 6, 2009.

W.e.f. June 1, 2009, SMS Alert facility was made mandatory for depository accounts operated by Power of Attorney (POA) with respect to:

  • new depository accounts with POA and;
  • existing depository accounts (in case the accountholders opt for POA in future).

The existing accountholders whose accounts are operated by POA are required to provide the mobile numbers and subscribe for SMS Alert facility by October 31, 2009.

SEBI has now clarifi ed that SMS Alert facility is mandatory for all depository accounts operated through POA except in case of accounts held by nonindividuals, foreign nationals and NRIs.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0060 dated July 20, 2009.

SEBI had vide its Circular no. SEBI/CFD/DIL/ LA/1/2009/24/04 dated April 24, 2009 prescribed a uniform procedure for dealing with unclaimed shares i.e. shares which could not be allotted to the rightful shareholder(s) due to insuffi cient/ incorrect information or any other reason. Further, the aforesaid circular inter-alia states that the unclaimed shares shall be credited to a demat suspense account opened by the Issuer with one of the Participant and the allottee’s account shall be credited as and when he/she approaches the Issuer.

This has been intimated to Participants vide Circular No. NSDL/POLICY/2009/0065 dated July 25, 2009.

National Commodity Derivatives Exchange of India (NCDEX) and Multi Commodity Exchange of India Ltd (MCX) have intimated that after the fi nal expiry date of a warehouse receipt (i.e. end date of ICIN), warehouse receipts cannot be transferred by clients for market delivery or for transfers to another client. The clients can take physical delivery of the commodities from the warehouse (rematerialisation request).
With effect from August 1, 2009, no transactions can be effected after the fi nal expiry dates of warehouse receipts (i.e. end date of ICIN) except for the following:

  • Physical Delivery (Rematerialisation) Requests.
  • Transfers from Clearing Member Pool Account to Benefi cial Owner Account.

This has been intimated to Participants vide Circular Nos. NSDL/POLICY/2009/0058 dated July 17, 2009 and NSDL/POLICY/2009/0067 dated July 31, 2009.

NSDL charges rematerialisation fees to Participants @ Rs.10 for every hundred securities or part thereof or a fl at fee of Rs.10 per certifi cate, whichever is higher. In this context, NSDL has advised its Participants that at the time of accepting requests for rematerialisation of securities from clients (especially for large quantities) they should ensure to inform their charges for rematerialisation to their clients.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0053 dated July 3, 2009.

NSDL conducts NCDO oriented training programmes for Participants to increase the availability of trained personnel for depository operations. In July 2009, such programmes were conducted in Ahmedabad, Bhopal, Chandigarh, Chennai, Dehradun, Gurgaon, Indore, Jaipur, Jalandar, Kolhapur, Ludhiana, Mumbai, Nagpur, NewDelhi, Panchkula and Surat.

In July 2009, Deal Depot Brokerage Private Limited (DP ID IN303735) was made operational as a Participant of NSDL. It will conduct its depository operations from Mumbai. This takes the total number of operational Participants to 281 and the total number of DPM set-ups to 357.