Learn more about the documents required for verification when opening the account, the procedure for opening the account, the different types of application forms for individual effective beneficiaries, common account holders, businesses, HUF, minors, partnership companies. Learn more about the Client Participation Agreement and the Importance of Power of Attorney (POA). Deposit interacts with its clients/investors through its agents, called depository participants commonly known as DPs. Explain both segments of the capital market and capital market participants Explain and understand The closure of an account at the customer`s request, closure due to consolidation of accounts. Understand the procedure when the conclusion is initiated by a DP. Do you know the process required when moving the account mass. In the case of corporate customers, additional seizures are required – authentic copy of the resolution for the opening of Demat a/c with the signatories to manage the account and the authentic copy of the memorandum and statutes is attached. For each investor/client to benefit from the services of the deposit, the deposit account, known as Demat A/c, must open with one of the EPs. A Demat account is opened in the same lines as a bank account.

Mandatory account opening forms are available with the DP, must be completed. Typical agreements are signed by the customer and data protection, which define the rights and obligations of both parties. With the form required by the client to attach photos of the account holder, copies of proof of residence and proof of identity must be provided with the account opening form. Group the deposit and payment steps and report direct delivery to the customer account through clearing-Corporation. Discuss intersettlement relocations. Knowledge of the automatic-out delivery procedure, and intermediate deposit transfers In India, a deposit participant (DP) is described as a deposit agent. They are the intermediaries between the custodian and the investors. The relationship between the MEps and the custodian is governed by an agreement between the two, under the Conservation Act. From a strictly legal point of view, an MOU is a registered unit as such in accordance with Section 1A of Section 12 of the SEBI Act. Under the provisions of this Act, an MOU may only offer retained services after receiving a SEBI registration certificate.

In 2012, 288 NSDL DPs and 563 CDSL DPs were registered with SEBI. [1] [2] The custodian is an institution or organization that holds securities in the form of a mat, in which transactions between stocks, debt securities, investment funds, derivatives, research and development and commodities are carried out. Intermediaries carry out their shares in various securities with Depository on behalf of their clients. These intermediaries are called depositories (DPs) participants. Basically, there are two types of deposits in India. One is National Securities Depository Limited (NSDL) and the other is the Central Depository Service (India) Limited (CDSL). Any depository participant (DP) must be registered under this deposit before they start operating or trading in the market. If you are familiar with the main provisions of the 1996 Deposit Act, you are aware of the eligibility criteria for the service of a custodian and understand the registration process and the various rights and obligations of custodians.


Related Posts