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NSDL conducted Investor Depository Meets (IDMs) in Mumbai
NSDL has been conducting Investor Depository Meets (IDMs) at various locations to educate the investors about the Depository system. In June 2011 & July 2011, NSDL conducted IDMs across 11 locations in Mumbai (Andheri, Borivali, Dadar, Dombivli, Ghatkopar, Grant Road, Kalyan, Lalbaug, Prabhadevi, Thane and Virar). In all, more than 1,500 persons attended these IDMs.
Appointment of qualified personnel in Participant Service Centres
With reference to the appointment of qualified personnel in at least 90% of the total service centres (other than drop boxes) of the Participants, a person will be treated as qualified personnel if he/she passes the NCFM/NSDL/NISM certification in depository operations.
(Ref: Circular Nos. NSDL/POLICY/2011/0040 dated May 3, 2011 and NSDL/POLICY/2011/0050 dated June 14, 2011)
Grant of prior approval to Depository Participants for change in control
SEBI vide Circular No. CIR/MIRSD/9/2011 dated June 17, 2011 has informed that a Participant will have to take prior approval from SEBI for change in control. Further, SEBI has also informed Depositories to submit periodical reports to SEBI regarding any changes like Amalgamation, Demerger, Consolidation, change in Director etc. in respect of Participants.
(Ref: Circular No. NSDL/POLICY/2011/0052 dated June 24, 2011)
NCDO training / certification programmes for Participants
NSDL conducts training and certification programmes for Participants to increase the availability of trained personnel for depository operations. In June 2011, such programmes were conducted in Ahmedabad, Bangalore, Chennai, Kolkata, Mumbai, New Delhi and Pune. In all, 387 persons attended the training programmes conducted at these locations.
Two Participants became operational in NSDL during June 2011
In June 2011, following Participants became operational in NSDL.
| Sr. No. | Participant Name | City |
| 1 | Indovision Securities Private Limited (DP ID IN303930) | Kolkata |
| 2 | Smart Equity Brokers Private Limited (IN303948) | New Delhi |
The above additions take the total number of operational Participants to 295 and the total number of DPM set-ups to 369.
Subscription to SPEED-e
Two more Participants have subscribed to the SPEED-e facility
- SSD Securities Private Limited (DP ID IN303323)
- Ashlar Securities Private Limited (DP ID IN303921)
Clients of the above mentioned Participants 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 108.