Central Depository Services Company Profile, Wiki, Owner, Net Worth, IPO, Services, Capital Markets, Logo and more
Central Depository Services is an Indian company of Capital Markets. The company headquarter is in Mumbai, Maharashtra, India. It is a subsidiary of BSE Limited operates as a securities depository in India. Central Depository Services offers facilities to issuers to credit securities to a shareholder’s or applicant’s demat accounts; KYC services in respect of investors in capital markets to capital market intermediaries; and facilities to allow holding of insurance policies in electronic form to the holders of these insurance policies of various insurance companies.
|Company Name||Central Depository Services|
|Date of Establishment||1999|
|Registered Address||17th floor,|
P J Towers, Dalal Street,
Mumbai – 400001, India
|Net Worth||INR 100 cr – 500 cr|
|Telephone no.||+91 (22) 2272 3333|
Central Depository Services established in 1999. It is a leading company of Capital Markets. Central Depository Services offers various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.
- Account Opening
Central Depository Services offered by a depository, any person having investment in any security or intending to invest in securities needs to have a demat account with a CDSL-DP.
Dematerialisation is a process by which physical certificates (of shares / debentures / other securities) are converted into electronic balances.
- Processing Delivery & Receipt Instructions
The company offers Processing Delivery & Receipt Instructions services to settle trades done on a stock exchange (on-market trades) and trades.
- Account Statement
If there is any transaction in the account or every quarter if the account is not operated during that period.The balances and transactions can also be viewed by the person.
Rematerialisation is the process by which the electronic balances held in the demat account can be converted back into physical certificates.
If the person decides to pledge any securities in his account, can avail of the same by submitting the pledge creation form duly completed.
If the sole or all the joint holders are deceased, the shares of different companies held in the demat account will be transmitted easily to the demat account of the nominee on submission of the death certificate and transmission form.
- Transmission of securities
CDSL offers a facility for transmission of balances held in account/s, if so required due to death, lunacy, bankruptcy, insolvency or required due to operation of any law.
- Change in Address
A person who wishes to register his change in address submits his/her request. The changes entered by the person in the CDSL system will be automatically downloaded to all the companies in which the person is holding securities.
- Bank Account Details
SEBI has made it mandatory for companies to print details of bank account to prevent possibilities of misuse of the warrants. Everyone should submit a request in writing to the accountant if they wish to record / change their bank account details.
CDSL sends SMS regarding transactions and modifications in account details to the mobile number registered in the account.
What is CDSL IPO?
CDSL IPO is a main-board IPO of 35,167,208 equity shares of the face value of ₹10 aggregating up to ₹523.99 Crores. The issue is priced at ₹145 to ₹149 per equity share. The minimum order quantity is 100 Shares.
The IPO opens on Jun 19, 2017, and closes on Jun 21, 2017.
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