Central Depository Services Limited: Difference between revisions

Central Depository Services (India) Limited
Company type	Public
Traded as	NSE: CDSL
ISIN	INE736A01011
Industrie	Depository services
Gegründet	February 1999
Hauptsitz	Mumbai, India
Key people	Nehal Vora (Managing Director & Chief Executive Officer)
Services	Dematerialisation of securities, Transfer and settlement of securities
Website	www.cdslindia.com

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Revision as of 05:31, 6 June 2024

Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999.^[3]

CDSL is the largest depository in India in terms of number of demat accounts opened. In February, CDSL became the first depository in India to open 60 million active demat accounts.^[4] As of March 2022, the depository holds assets worth ₹37.2 trillion,^[5] with over 580 depository participants associated with CDSL.^[6]

History

In February 1999, CDSL received certificate of commencement of business from Securities and Exchange Board of India (SEBI).^[7] On 30 June 2017, CDSL was listed on the National Stock Exchange (NSE) through initial public offering (IPO)^[8] making it the first depository in Asia-Pacific region and only the second depository in the world to get listed.

CDSL was initially promoted by BSE Ltd. Currently, the top shareholders are BSE Limited, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank and LIC.^[4]

References

^ "Holding the key to CDSL's growth". Sify.com. 25 August 2010. Archived from the original on 19 October 2012. Retrieved 12 February 2011.
^ "CDSL reduces demat charges to Rs 5. - PTI - The Press Trust of India Ltd". 12 December 2005. {{cite web}}: Missing or empty |url= (help)
^ "CDSL demat accounts, which began its operations in 1999, cross 2.5 crore mark". The Economic Times. Retrieved 8 June 2022.
^ ^a ^b "CDSL becomes first depository to open 6 crore active demat accounts". The Economic Times. Retrieved 8 June 2022.
^ Sethuraman, Sundar (14 April 2022). "Demat account tally jumps 63% to 89.7 million in FY22, shows data". Business Standard India. Retrieved 8 June 2022.
^ "Make It Mandatory for Brokers To Subscribe to CDSL's Easiest Facility To Transfer Shares: Retail Investors". Moneylife NEWS & VIEWS. Retrieved 8 June 2022.
^ "SEBI | Certificate of commencement of business granted to CDSL". www.sebi.gov.in. Retrieved 8 June 2022.
^ "Bumper Listing: CDSL debuts at Rs 250; zooms 80% over issue price". Moneycontrol. Retrieved 8 June 2022.

External links

Official website

This article about an Indian company is a stub. You can help Wikipedia by expanding it.

[1] "Holding the key to CDSL's growth". Sify.com. 25 August 2010. Archived from the original on 19 October 2012. Retrieved 12 February 2011.

[2] "CDSL reduces demat charges to Rs 5. - PTI - The Press Trust of India Ltd". 12 December 2005. {{cite web}}: Missing or empty |url= (help)

[3] "CDSL demat accounts, which began its operations in 1999, cross 2.5 crore mark". The Economic Times. Retrieved 8 June 2022.

[economictimes-4] "CDSL becomes first depository to open 6 crore active demat accounts". The Economic Times. Retrieved 8 June 2022.

[5] Sethuraman, Sundar (14 April 2022). "Demat account tally jumps 63% to 89.7 million in FY22, shows data". Business Standard India. Retrieved 8 June 2022.

[6] "Make It Mandatory for Brokers To Subscribe to CDSL's Easiest Facility To Transfer Shares: Retail Investors". Moneylife NEWS & VIEWS. Retrieved 8 June 2022.

[7] "SEBI | Certificate of commencement of business granted to CDSL". www.sebi.gov.in. Retrieved 8 June 2022.

[8] "Bumper Listing: CDSL debuts at Rs 250; zooms 80% over issue price". Moneycontrol. Retrieved 8 June 2022.

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@@ Line 1: / Line 1: @@
-{{Short description|Indian Security Depository}}
+{{Short description|Indian security depository}}
 {{Use dmy dates|date=July 2018}}
 {{Use Indian English|date=July 2018}}
 {{Infobox company
 | name = Central Depository Services (India) Limited
-| logo = Central Depository Services logo.svg
+| logo = Central Depository Services (India) Limited.svg
-| logo_size = 120px
+| logo_size = 250
-| type = Central Securities
+| type = [[Public company|Public]]
-Depository
 | traded_as = {{NSE|CDSL}}
+| ISIN = [https://nsdl.co.in/master_search_detail_res.php?isin=INE736A01011 INE736A01011]
-| industry = Depository Services
-| key_people = <ref>{{cite web|url=http://www.sify.com/finance/holding-the-key-to-cdsl-s-growth-news-features-kizcFhjafch.html |archive-url=https://web.archive.org/web/20121019072201/http://www.sify.com/finance/holding-the-key-to-cdsl-s-growth-news-features-kizcFhjafch.html |url-status=dead |archive-date=2012-10-19 |title=Holding the key to CDSL's growth |publisher=Sify.com |date=2010-08-25 |accessdate=2011-02-12}}</ref> Nehal Vora, (Managing Director & CEO)<ref>{{cite web|url=http://www.highbeam.com/doc/1G1-139698544.html |title=CDSL reduces demat charges to Rs 5. - PTI - The Press Trust of India Ltd. &#124; HighBeam Research - FREE trial |publisher=Highbeam.com |date=2005-12-12 |accessdate=2011-02-12}}{{dead link|date=February 2019|bot=medic}}{{cbignore|bot=medic}}</ref>
+| industry = Depository services<ref>{{cite web|url=http://www.sify.com/finance/holding-the-key-to-cdsl-s-growth-news-features-kizcFhjafch.html |archive-url=https://web.archive.org/web/20121019072201/http://www.sify.com/finance/holding-the-key-to-cdsl-s-growth-news-features-kizcFhjafch.html |url-status=dead |archive-date=2012-10-19 |title=Holding the key to CDSL's growth |publisher=Sify.com |date=2010-08-25 |accessdate=2011-02-12}}</ref>
+| key_people = Nehal Vora (Managing Director & Chief Executive Officer)<ref>{{cite web|url= |title=CDSL reduces demat charges to Rs 5. - PTI - The Press Trust of India Ltd. |publisher=|date=2005-12-12 |accessdate=}}</ref>
 | products =
+| services = Dematerialisation of securities, Transfer and settlement of securities
 | revenue =
 | foundation = {{start date |February 1999}}
-| location = [[Mumbai]], [[India]]
+| location = [[Mumbai]], India
+| homepage = {{URL|https://www.cdslindia.com/}}
-| owner = [[Securities and Exchange Board of India]], [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]
-| homepage = {{URL |http://www.cdslindia.com}}
 }}
-'''Central Depository Services (India) Ltd (CDSL)''', is the first listed Indian [[Central securities depository|central securities depository]] and a [[Division (business)|division]] of the [[Securities and Exchange Board of India]], [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]] based in [[Mumbai]].
+'''Central Depository Services (India) Ltd.''' ('''CDSL''') is an Indian [[central securities depository]], founded in 1999.<ref>{{Cite news |title=CDSL demat accounts, which began its operations in 1999, cross 2.5 crore mark |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/cdsl-demat-accounts-which-began-its-operations-in-1999-cross-2-5-crore-mark/articleshow/77892925.cms |access-date=2022-06-08}}</ref>
+CDSL is the largest depository in India in terms of number of [[demat account]]s opened. In February, CDSL became the first depository in India to open 60 million active demat accounts.<ref name="economictimes">{{Cite news |title=CDSL becomes first depository to open 6 crore active demat accounts |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/cdsl-becomes-first-depository-to-open-6-crore-active-demat-accounts/articleshow/89918642.cms |access-date=2022-06-08}}</ref> As of March 2022, the depository holds assets worth {{INR}}37.2 trillion,<ref>{{Cite news |last=Sethuraman |first=Sundar |date=2022-04-14 |title=Demat account tally jumps 63% to 89.7 million in FY22, shows data |work=Business Standard India |url=https://www.business-standard.com/article/markets/india-s-demat-account-tally-up-63-to-89-7-million-in-fy22-shows-data-122041401088_1.html |access-date=2022-06-08}}</ref> with over 580 [[depository participant]]s associated with CDSL.<ref>{{Cite web |title=Make It Mandatory for Brokers To Subscribe to CDSL’s Easiest Facility To Transfer Shares: Retail Investors |url=https://www.moneylife.in/article/make-it-mandatory-for-brokers-to-subscribe-to-cdsls-easiest-facility-to-transfer-shares-retail-investors/66920.html |access-date=2022-06-08 |website=Moneylife NEWS & VIEWS |language=en}}</ref>
-Central Depository Services (India) Limited (CDSL) was initially promoted by the [[Bombay Stock Exchange|BSE Ltd]]. which thereafter divested its stake to leading banks, such as [[HDFC Bank|HDFC Bank Ltd]], [[Standard Chartered|Standard Chartered Bank]] and [[Canara Bank]]. CDSL received the certificate of commencement of business from the [[Securities and Exchange Board of India|Securities and Exchange Board of India (SEBI)]] in February 1999.
+== History ==
-The main function of CDSL is to facilitate holding of [[Dematerialization (securities)|dematerialised]] securities enables securities transactions to be processed by book entry.
+In February 1999, CDSL received certificate of commencement of business from [[Securities and Exchange Board of India]] (SEBI).<ref>{{Cite web |title=SEBI {{!}} Certificate of commencement of business granted to CDSL |url=https://www.sebi.gov.in/media/press-releases/feb-1999/certificate-of-commencement-of-business-granted-to-cdsl_21712.html |access-date=2022-06-08 |website=www.sebi.gov.in}}</ref> On 30 June 2017, CDSL was listed on the National Stock Exchange (NSE) through [[initial public offering]] (IPO)<ref>{{Cite web |title=Bumper Listing: CDSL debuts at Rs 250; zooms 80% over issue price |url=https://www.moneycontrol.com/news/business/ipo/bumper-listing-cdsl-debuts-at-rs-250-zooms-80-over-issue-price-2315323.html |access-date=2022-06-08 |website=Moneycontrol |language=en}}</ref> making it the first depository in Asia-Pacific region and only the second depository in the world to get listed.
-CDSL facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on [[stock exchange]]s. These securities include [[Stock|equities]], [[debenture]]s, bonds, [[Exchange-traded fund|Exchange traded Funds (ETFs)]], units of [[mutual fund]]s, units of Alternate Investment Funds (AIFs), [https://www.investopedia.com/terms/c/certificateofdeposit.asp Certificates of deposit (CDs)], [https://m.rbi.org.in/Scripts/FAQView.aspx?Id=25 commercial papers (CPs)], [https://www.rbi.org.in/commonman/English/scripts/FAQs.aspx?Id=711#:~:text=What%20is%20a%20Government%20Security%20(G%2DSec)%3F&text=1.3%20Treasury%20bills%20or%20T,securities%20and%20pay%20no%20interest. Government Securities (GSecs)] and Treasury Bills (TBills).
+CDSL was initially promoted by BSE Ltd. Currently, the top shareholders are BSE Limited, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank and LIC.<ref name="economictimes" />
-CDSL was listed on June 30, 2017 on the National Stock Exchange (NSE) through [[Initial public offering|Initial Public Offer (IPO)]] and thereafter became the first and the only [[Depository Trust & Clearing Corporation|depository]] to get listed in [[Asia-Pacific|Asia-Pacific region]] and second in the World
-The balances in the investors account recorded and maintained with CDSL can be obtained through the [[Depository participant|Depository Participant (DP)]]. The DP is required to provide the investor, at regular intervals, a statement of account which gives the details of the [[Security (finance)|securities]] holdings and transactions. The depository system has effectively eliminated paper-based certificates which were prone to be fake, forged, counterfeit resulting in bad deliveries. CDSL offers an efficient and instantaneous transfer of securities.
 ==See also==
+*[[National Securities Depository Limited|National Securities Depository Limited (NSDL)]]
+*[[National Stock Exchange of India|National Stock Exchange]]
 *[[Clearstream]]
 *[[Euroclear]]
-*[[National Securities Depository Limited|National Securities Depository Limited (NSDL)]]
 ==References==
@@ Line 40: / Line 38: @@
 ==External links==
-* [http://www.cdslindia.com Official site]
+* [http://www.cdslindia.com Official website]
 {{Insurance in India}}
 {{Financial services in India}}