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National Securities Depository Limited (NSDL) is an Indian central securities depository, based in Mumbai. It was established in August 1996 as the first electronic securities depository in India with national coverage. [ 2] It was established based on a suggestion by a national institution responsible for the economic development of India.
In 2013, National Securities Depository Limited (NSDL) restructured its operations, segregating its activities into two distinct businesses. The depository services continued under NSDL, while the e-Governance segment was vertically split and transferred to a new entity, initially known as NSDL e-Governance Infrastructure Limited. [18]
StockHolding Corporation of India Limited. Stock Holding Corporation of India Limited (SHCIL) is an Indian custodian and depository participant, based in Navi Mumbai, Maharashtra. [ 2] SHCIL was established in 1986 as a public limited company and is a subsidiary of IFCI. It is also responsible for e-stamping system around India.
Depository participant. In India, a Depository Participant (DP) is described as an Agent of the depository. They are the intermediaries between the depository and the investors. The relationship between the DPs and the depository is governed by an agreement made between the two under the Depositories Act. In a strictly legal sense, a DP is an ...
Inter-connected Stock Exchange is a Depository Participant of Central Depository Service (India) Limited (CDSL) and National Securities Depository Limited (NSDL). ISE-DP has branches at Delhi, Kolkata, Patna, Guwahati, Ahmedabad, Hyderabad, Nagpur, Coimbatore, Tirunelveli and 155 Collection Centers across the country.
Demat account. A demat account is an Indian term for a dematerialized account that holds financial securities (equity or debt) digitally for traded shares in the share market. In India, demat accounts are maintained by two depository organizations: the National Securities Depository Limited and the Central Depository Services Limited.
The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who ...
In the case of online applications, these documents need to be sent over mail (post/courier) to NSDL - TAN Application division. When NSDL receives the TAN application along with said documents (either through TIN FC / Online), the details are verified and then sent to the Income Tax Department. Once approved, the Department allocates a ...