CDSL
Central Depository Services (India) Limited (CDSL) is one of India's leading securities depositories was incorporated at Mumbai on Dec 1997 as a public limited company. CDSL was initially promoted by BSE Ltd. which has thereafter divested its stake to leading banks include Standard Chartered Bank, HDFC Bank Ltd and Canara Bank. CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants. The Company has active demat a/c in the year ended 2019 is crossed 1.5 Cr.
Transaction charges are levied by the depositories subject to prior approval of SEBI. CDSL has high stability of operating income from the fixed annual charges collected from the registered companies and transaction-based fees collected from Depository Participants. The company offers dematerialisation for a wide spectrum of securities including equity shares preference shares and bonds of public (listed and unlisted) and private companies units of mutual funds government securities commercial papers and certificates of deposits.
The company offers services to several sub-sectors of the Indian securities and financial services market including capital markets mutual funds and insurance companies. All leading stock exchanges like the BSE Ltd. National Stock Exchange and Metropolitan Stock Exchange of India have established connectivity with CDSL. CDSL offers other online services such as e-voting e-Locker National Academy Depository easi (Electronic Access to Security Information) easiest (Electronic Access to Securities Information and Execution of Secured Transaction) and mobile application (myeasi m-voting).
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