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SEBI has vide circular no. CIR/MRD/DP/20/2010 dated July 1, 2010 advised that in the event of closing of the demat account or shifting of the demat account by the Beneficial Owners (BOs) from one Participant to another, the AMC collected upfront on annual/half yearly basis by the Participant, shall be refunded by the Participant to the BO for the balance of the quarter/s.

Further details about this facility are mentioned in Circular No. NSDL/POLICY/2010/0078 dated July 2, 2010, which is posted on NSDL website www.nsdl.co.in.

NSDL's internet based facility viz., IDeAS facilitates clients to view the latest balances of their demat accounts on the internet along with the value based on the previous day closing price. NSDL has further enhanced its IDeAS facility whereby clients can view the values in respect of mutual fund units (security type code '20') held by them in their demat accounts based on the NAVs (i.e.,Net Asset Value) along with the date of the NAVs.

This has been informed to Participants vide Circular No. NSDL/POLICY/2010/0070 dated June 25, 2010.

NSDL had provided its Participants with a software utility to identify Client accounts (Type: 'Resident', 'NRI' and 'Foreign National') without nomination to facilitate them to encourage their Clients to avail the facility of nomination. As per the request received from Participants, NSDL has developed another software utility which is being provided to facilitate Participants to identify such Client accounts where nominations are captured prior to a particular date.

Further details about this are mentioned in Circular Nos. NSDL/POLICY/2009/0015 dated February 27, 2009 and NSDL/POLICY/2010/0065 dated June 18, 2010 issued to Participants.

NSDL has informed its Participants that Annexure 'LA' (old format) and Annexure 'LA' (new format) of Business Rules pertaining to 'Combined - Delivery Instructions by Clients' have been amended and renamed as Annexure LA - I and Annexure LA - II respectively. Participants may continue to use their existing stock of 'Combined-Delivery Instructions by Clients' till such time it is exhausted and would be required to print and issue the revised Combined Delivery Instruction slips i.e. Annexure LA - I and Annexure LA - II thereafter.

Further details about this facility are mentioned in Circular No. NSDL/POLICY/2010/0060 dated June 3, 2010, which is posted on NSDL website www.nsdl.co.in.

Based on the feedback received from investor associations, SEBI vide Circular No. CIR/MRD/DP/19/2010 dated June 10, 2010 has issued guidelines regarding disclosure of regulatory orders and arbitration awards issued by depository on depository's website.

Further details about this facility are mentioned in Circular No. NSDL/POLICY/2010/0064 dated June 18, 2010, which is posted on NSDL website www.nsdl.co.in.

NSDL conducts training and certification programmes for Participants to increase the availability of trained personnel for depository operations. In June 2010, such programmes were conducted in Ahmedabad, Allahabad, Bangalore, Bareilly, Chennai, Coimbatore, Gwalior, Hazaribagh, Hubli, Hyderabad, Madurai, Mumbai, Nagpur, New Delhi, Patna, Pune, Tirupati, Trivandrum and Vadodara. 1,133 persons attended the training programmes conducted at these locations.

In June 2010, following two Participants became operational in NSDL.

The above additions take the total number of operational Participants to 287 and the total number of DPM set-ups to 360.

Time Capital Limited (DP ID IN300923 and DP ID IN302130) had earlier decided to discontinue its depository operations. Time Capital Limited has now informed NSDL that it will be continuing its depository operations.

This has been informed to Participants vide Circular No. NSDL/PI/2010/1328 dated June 23, 2010.

One more Participant has subscribed to the SPEED-e facility:

• The Kapol Co-Operative Bank Limited (IN300907)

Clients of the above mentioned Participant can now avail of the facility of submitting various instructions through SPEED-e facility.

This takes the total number of Participants who have subscribed to SPEED-e to 98.