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SPICE (Submission of Power of attorney based Instructions for Clients Electronically) enables Clearing Members (CMs) for submitting instructions (Auto Pay-in) to Participants. This facility enables CMs to submit digitally signed Auto Pay-in instructions to debit the depository accounts of the Clients through SPEED-e facility.

NSDL has further enhanced its SPICE facility known as "SPICE Direct" wherein auto pay-in instructions (submitted by CMs using the feature of SPICE) can be directly transmitted by Clearing Members to NSDL system.

(Ref: Circular No. NSDL/POLICY/2012/0042 dated April 12, 2012)

The fee for rematerialisation of securities has been revised as mentioned below

• A fee of Rs.10 for every hundred securities or part thereof subject to maximum fee of Rs. 5,00,000; or
• A flat fee of Rs.10 per certificate, whichever is higher. Provided that, no rematerialisation fee shall be charged for Government Securities.

(Ref: Circular No. NSDL/POLICY/2012/0044 dated April 16, 2012)

SEBI has vide Circular No. MIRSD/SE/Cir-21/2011 dated October 5, 2011 informed regarding uniform Know Your Client (KYC) Requirements for the Securities Markets.

In this context, SEBI has vide its email dated April 17, 2012 clarified that "the foreign nationals who are holding position as directors of FII are not mandated to have a PAN Card. Therefore, KRA will have to leave the column of PAN for foreign nationals holding directorship in FII as blank."

(Ref: Circular No. NSDL/POLICY/2012/0046 dated April 17, 2012)

NSDL has made arrangements with NISM to facilitate staff of Participants to get certified for NISM-Series VI Depository Operations Certification Examination (DOCE) as per SEBI requirements. A training programme is conducted by NSDL for Participant's staff followed by NISM-Series VI-DOCE online test conducted by NISM. In April 2012, NSDL conducted seven such training programmes at Ahmedabad, Chennai, Guwahati, Kochi, Kolkata, Mumbai, New Delhi and Pune which were attended by 205 persons nominated by various Participants.

In April 2012, following Participant became operational in NSD

The above additions take the total number of operational Participants to 283 and the total number of DPM set-ups to 362.

(Ref: Circular No. NSDL/POLICY/2012/0044 dated April 16, 2012)

NSDL has informed all its Participants that Brics Securities Limited (DP ID IN303296), a Participant of NSDL has informed NSDL about its decision to discontinue depository operations.

(Ref: Circular No. NSDL/PI/2012/0887 dated April 25, 2012)