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As certain Issuer companies do not confi rm the requests for dematerialisation for a long time, the clients are not in a position to close their accounts due to pending demat requests.In view of the aforesaid, NSDL has introduced a facility for cancellation of pending demat request. For this purpose, in respect of those demat requests which are pending for more than 60 days, clients are required to submit a letter to their Participants in the specifi ed format for cancellation of pending demat request.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0086 dated September 19, 2009.

NSDL’s common internet facility called IDeAS facilitates demat account holders to view latest balances alongwith the value based on the previous day closing price and transactions that have taken place during last 30 days in the depository accounts. IDeAS also features the facility of downloading, printing and viewing digitally signed monthly transaction statements for previous 12 months.

All new depository accounts under individual category where an email address is provided by the client will be directly registered by NSDL for IDeAS. An email will be sent to these account holders to activate the IDeAS facility within a period of three months.

Further details about this are available in Circular No. NSDL/POLICY/2009/0087 dated September 22, 2009.

At the time of corporate actions such as sub-division, capital reduction, etc. when the issuers execute an auto corporate action for converting securities from an old ISIN to a new ISIN, the securities lying in the delivery account of the CM Pool Account were converted to new ISIN upon moving the securities to CM Pool accounts on pay-out or upon cancellation of delivery-out instructions. This functionality has now been enhanced to convert the balances lying in the CM Delivery account on the execution date of the ACA itself instead of waiting till the securities move out of the delivery account.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0090 dated October 1, 2009.

NSDL conducts training and certifi cation programmes for Participants to increase the availability of trained personnel for depository operations. In September 2009, such programmes were conducted in Agra, Ahmedabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Gurgaon, Hyderabad, Jaipur,Kanpur, Kochi, Kolkata, Mangalore, Mumbai, Nashik, New Delhi, Noida, Patna, Rajkot, Ranchi, Surat,Thiruvalla, Trichy, Vadodara and Vishakhapatnam.

In September 2009, Aldan Investments Private Limited (DP ID IN303751) 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 283 and the total number of DPM set-ups to 358.

Two more Participants have subscribed to the SPEED-e facility:

• Sajag Securities Private Limited (DP ID IN303647)
• NDA Securities Limited (DP ID IN303663)

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 88.