CDSL Infoline Issue
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CDSL TODAY Beneficial Owners During the last 12 months, the number of active BO accounts with CDSL has increased from 66.36 lakh as on April 30, 2010 to 75.18 lakh as on April 30, 2011, which indicates growth of 13.29%. Depository Participants As on April 30, 2011, CDSL has 546 DPs offering DP services from over 9200 locations across the country. These DPs comprise of CMs, Banks, NBFCs, Custodians, Clearing Houses/ Corporations and Regional Stock Exchanges. Companies Admitted The securities of almost all listed companies have been admitted with CDSL for demat. Further, a large number of private limited and unlisted companies are also admitted with CDSL. As on April 30, 2011, the securities of 8265 companies have been admitted for demat with CDSL. Securities Dematerialised During the last 12 months, the volume of securities under custody has increased by 40.74% and the value of securities has increased by 35.74% respectively. 2 Visit us at www.cdslindia.com & subscribe for “e-infoline” WHAT’s NEW ? NEPSE LAUNCHES CDS AND CLEARING LIMITED received electronically. Earlier, Sun Pharmaceutical Industries CDSL had signed an agreement with Nepal Stock Exchange Limited had successfully conducted its voting for the Postal Ltd. (NEPSE) for setting up of a depository and Clearing Ballot resolutions through this platform in Nov, 2010. and settlement system in Nepal under technical assistance Many Companies have welcomed the initiative and have programme of Government of India. signed up for the e-Voting System for Corporates. The e- th Dr. Yuvaraj Khatiwada, Governor of Nepal Rastra Bank Voting System for Corporates was inaugurated on 17 inaugurated the CDS and Clearing Limited on March 31, November 2009 by Hon. Minister of Corporate Affairs, Shri. 2011. On this occasion, Shri. Rakesh Sood, Ambassador of Salman Khurshid. The platform aims at reducing the India to Nepal, handed over the application software of administrative and storage costs associated with Postal CDS and Clearing system to Mr. Tanka Prasad Paneru, Ballot while facilitating declaration of results immediately Chairman, CDS and Clearing Limited. after the close of the voting. Additionally investors can cast their votes at their convenience from home / office till the At the inaugural function, Dr. Khatiwada expressed his last day. satisfaction over the materialization of the idea of establishing CDS in Nepal. Similarly, Shri. Sood informed MANDATORY USE OF SINGLE DOWNLOAD REPORT – the participants that establishment of CDS and Clearing DP57 Limited will be instrumental in the effective and efficient In order to facilitate DPs to update their DP back office development of capital market in Nepal. periodically, CDSL has introduced a Single Download Report WAIVER OF CHARGES IN RESPECT OF OPEN – ENDED – DP57, which contains details of all transactions such as MUTUAL FUND SCHEMES on-market, off-market, early pay-in, inter-depository, In order to enable investors hold open ended mutual fund demat, remat, pledge/unpledge, Freeze/unfreeze, IPO, units in their demat accounts, CDSL has facilitated Corporate Action etc., except account opening activity. The conversion of mutual funds units represented by Statement said report will be generated through-out the day on of Accounts (SOA) in demat form. incremental basis and full report will be generated during End of Day (EOD). With a view to facilitate this process, CDSL is pleased to announce that it has decided to waive charges on With effect from June 01, 2011, it will be MANDATORY for transactions related to open ended mutual fund schemes DPs to use DP57 and other reports related to the above till September 30, 2011. mentioned transactions will be discontinued. DPs should, therefore, incorporate DP57 report in their back office SETTLEMENT OF MF UNITS UNDER LOCK – IN software. CDSL is pleased to inform that the settlements of various DPs may refer to CDSL communiqué no. 2342, to view the “Equity Linked Saving Schemes” [ELSS] offered by various existing reports that will be discontinued from June 1, 2011. AMCs (Asset Management Companies) has been launched w.e.f. March 4, 2011. TIME DURATION FOR SETUP AND UPLOADS THROUGH easiest As such schemes are under lock-in, Clearing Members (CMs) should ensure that credit of the ELSS Mutual Fund CDSL’s internet facility ‘easiest’ (electronic access (MF) units is made to the appropriate investor as the units to securities information and execution of secured cannot be transferred from the credited account till the transactions) enables Beneficial Owners (BOs) and Clearing lock-in expiry date. Members (CMs) to submit their instructions electronically, which eliminates the need to submit Delivery Instruction CMs should also avoid transfer of ELSS units to their Slip (DIS) to their Depository Participants (DPs). beneficiary accounts as these lock-in units will be credited under lock-in and cannot be transferred till lock- The time duration for set up and upload through easiest is in expiry. as follows: SUCCESSFUL FACILITATION OF ELECTRONIC VOTING • BOs and CMs can set-up transactions on-line through easiest between 2:30 a.m. and 11:30 p.m. CDSL Ventures Limited (CVL), a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL) has • Transactions can be uploaded through easiest between successfully facilitated electronic Voting for the Postal Ballot 4:00 a.m. and 11:30 p.m. from Monday to Friday and resolutions of Jaiprakash Associates Limited, through its between 4:00 a.m. and 8:00 p.m. on Saturday. e-Voting Platform which concluded on 16th February, 2011. The transaction upload facility will not be available on Over 500 investors voted and about 52% of the votes were Sunday. Visit us at www.cdslindia.com & subscribe for “e-infoline” 3 • The cut –off timings for various types of transactions requirement of DOCE for a period of three years from the for current business day are as follows. date of completion of the programme. Sr. Transaction Weekdays Saturday CHANGE IN NAME OF DP No. Type [easiest] [easiest] DPs and BOs are advised to note that SEBI has accorded its Setup Upload Setup Upload approval for the change in name of the following DP: a. Transactions (Off Market DPID OLD NAME NEW NAME & On Market) 9.00 pm 9.00 pm 8.00 pm 7.30 pm b. Normal Pay-in 10.00 am 9.30 am – – 24200 K & A Securities Trustline Securities Private Limited Limited c. Inter-Depository 6.00 pm 6.00 pm 1.30 pm 1.00 pm 59200 Aadya Trading & Amrapali Aadya d. Early Pay-in 9.00 pm 8.30 pm Investment Private Trading & Investment DISCONTINUATION OF CISA ACCOUNTS Limited Private Limited Currently, if a CM does not transfer securities to the 36700 Dipan Mehta Share Axis Equities Private respective BO accounts or to its beneficiary account within and Stock Brokers Limited one working day after the payout day, such securities are Private Limited transferred to CM Investors Securities Account (CISA) and WITHDRAWAL OF DEPOSITORY PARTICIPANT a penalty is levied. OF CDSL DPs should take note that w.e.f. June 4, 2011, transfer of DPs and BOs are advised to note that Parsoli Corporation securities to the CISA account will be discontinued. Limited (PCL) (DP ID 43500) has ceased to be Depository However, securities that remain in the settlement accounts Participant of CDSL. of CMs for one working day after pay-out will continue to BOs holding accounts with the aforementioned be liable for penalty. DP are advised to take necessary steps to transfer their NISM – Series - VI: DEPOSITORY OPERATIONS securities to another account with a DP of their choice. CERTIFICATION EXAMINATION INVESTOR AWARENESS PROGRAMMES (IAPs) SEBI vide its notification dated March 29, 2011 published During March - April 2011, CDSL conducted 58 IAPs through the Gazette of India, has made it mandatory for in various cities across India in association with Dalal persons engaged or employed by a registered DP in: Street Investment Journal, BSE Investor Protection Fund, leading newspapers such as Maharashtra Times, a) dealing or interacting with clients, b) dealing with Loksatta, Sakaal, Dainik Jagran, Sandesh & securities of clients, c) handling redressal of investor Deshdoot. DPs such as Reliance Securities Limited, grievances, d) internal control or risk management, IL&FS Securities Limited, India Infoline Limited, e) activities having a bearing on operational risk, or Asit C Mehta Investment Interrmediates Limited, f) maintenance of books and records pertaining to the Sharekhan Limited, Bonanza Portfolio Limited, above activities – to obtain certification from National Saraswat Bank, The Shamrao Vithal Co-operative Bank Institute of Securities Markets (NISM) by passing the NISM Limited and social welfare organisations such as Consumer Series - VI: Depository Operations Certification Examination Guidance Society, Vijayawada, Acharya Atre Katta (DOCE). DPs should ensure that such associated persons etc. also participated in making these IAPs a grand engaged or employed by DP should pass DOCE within two success. years from the date of said notification. Further, such associated persons engaged or employed by DP after the date of notification, should pass DOCE within one year from the date of his/her employment. SEBI has also clarified that an associated person, who possess any of the following certificates, as on the date of notification, shall be exempted from requirement of DOCE till the validity of said certificates: a) NSE’s Certification in Financial Markets (NSDL-Depository Operations Module) or b) NSDL’s Certification in Depository Operations (NCDO) or c) BSE’s Certification in Financial Mr. C. S. Thakur, Head - Investor Education, CDSL, addressing Markets (BSE’s Certification on Central Depository) over 650 investors at an IAP conducted by CDSL in association Further, an associated person who has completed CDSL’s with Maharashtra Times, a leading Marathi daily on 01.04.2011 DP Training Programme shall be exempted from the at Dadar, Mumbai.