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Investor Charter Depository Participant

Vision

Towards making the Indian Securities Market - Transparent, Efficient, & Investor friendly by providing a safe, reliable, transparent and trusted record-keeping platform for investors to hold and transfer securities in dematerialized form.

Mission

  • To hold securities of investors in dematerialized form and facilitate its transfer, while ensuring safekeeping of securities and protecting the interest of investors.
  • To provide timely and accurate information to investors with regard to their holding and transfer of securities held by them.
  • To provide the highest standards of investor education, investor awareness, and timely services so as to enhance Investor Protection and create awareness about Investor Rights.

Details of business transacted by the Depository and Depository Participant(DP)

A Depository is an organization which holds securities of investors in electronic form. Depositories provide services to various market participants - Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers, and Investors in both primary as well as secondary markets. The depository carries out its activities through its agents which are known as Depository Participants (DP). Details available on the link- https://www.cdslindia.com/DP/dplist.aspx

Description of services provided by the Depository through Depository Participants (DPs) to investors

  1. Basic Services
S.No.
Activities
Expected Timelines

1

Dematerialization of securities

7 days

2

Rematerialization of securities

7 days

3

Mutual Fund Conversion / Destatementization

5 days

4

Re-conversion / Restatementisation of Mutualfund units

7 days

5

Transmission of securities

7 days

6

Registering pledge request

15 days

7

Closure of demat account

30 days

8

Settlement Instruction

For T+1 day settlements, Participants shall accept instructions from the Clients, in physical form up to 4 p.m. (in case of electronic instructions up to 6.00 p.m.) on T day for pay-in of securities.

For T+0 day settlements, Participants shall accept EPI instructions from the clients, till 11:00 AM on T day.

Note: ‘T’ refers ‘Trade Day’


2. Depositories provide special services like pledge, hypothecation, internet-based services etc. in addition to their core services and these include

S.No.
Type of Activity /Service
Brief about the Activity / Service
1Value Added Services

Depositories also provide value added services such as

  1. Basic Services Demat Account (BSDA)
  2. Transposition cum dematerialization
  3. Linkages with Clearing System
  4. Distribution of cash and non-cash corporate benefits (Bonus, Rights, IPOs etc.), stock lending, demat of NSC / KVP, demat of warehouse receipts etc.
2Consolidated Account statement (CAS).
CAS is issued 10 days from the end of the month (if there were transactions in the previous month) or half yearly (if no transactions).
3Digitalization of services provided by the depositories

Depositories offer below technology solutions and e-facilities to their demat account holders through DPs:

  1. E-account opening
  2. Online instructions for execution
  3. e-DIS / Demat Gateway
  4. e-CAS facility
  5. Miscellaneous services

Details of Grievance Redressal Mechanism

  1. The Process of investor grievance redressal
1Investor Complaint/ Grievances

Investor can lodge complaint/ grievance against the Depository/DP in the following ways:

a. Electronic mode: 

  • (i) SCORES 2.0- link
  • (ii) Respective Depository’s web portal dedicated for the filing of compliant- link
  • Emails to designated email IDs of Depository- complaints@cdslindia.com

b. Offline mode:
  • For tracking of your grievance, we request you to submit the same online through the portal.
The complaints/ grievances lodged directly with the Depository shall be resolved within 21 days.

2

Online Dispute Resolution (ODR) platform for online Conciliation and Arbitration

If the Investor is not satisfied with the resolution provided by DP or other Market Participants, then the Investor has the option to file the complaint/ grievance on SMARTODR platform for its resolution through by online conciliation or arbitration- link


3Steps to be followed in ODR for Review, Conciliation and Arbitration-Investor to approach Market Participant for redressal of complaint

-If investor is not satisfied with response of Market Participant, he/she can escalate the complaint on SEBI SCORES  portal. 

-Alternatively, the investor may also file a complaint on SMARTODR portal for its resolution through online conciliation  and arbitration. 

-Upon receipt of complaint on SMARTODR portal, the relevant MII will review the matter and endeavour to resolve the  matter between the Market Participant and investor within 21 days. 

-If the matter could not be amicably resolved, then the Investor may request the MII to refer the matter case for  conciliation. 

-During the conciliation process, the conciliator will endeavor for amicable settlement of the dispute within 21 days, which may be extended with 10 days by the conciliator. 

-If the conciliation is unsuccessful, then the investor may request to refer the matter for arbitration. 

-The arbitration process to be concluded by arbitrator(s) within 30 days, which is extendable by 30 days.


Guidance pertaining to special circumstances related to market activities: Termination of the Depository Participant

Sl No.Type of special circumstances
Timelines for the Activity/ Service
1
-Depositories to terminate the participation in case a participant no longer meets the  eligibility criteria and/or any other grounds as mentioned in the bye laws like suspension of  trading member by the Stock Exchanges.

-Participant surrenders the participation by its own wish.

Client will have a right to transfer all its securities to any other Participant of its choice without any charges for the transfer within 30 days from the date of intimation by way of letter/email..

DOs and DON’Ts for Investors

For Do’s and Don’ts please refer to the link

Rights of investors

For rights, please refer to the link

Responsibilities of Investors

For responsibilities, please refer to the link

Complaints Data

Click here for complaints data

Code of Conduct for Depositories

Please refer to the - link

Code of Conduct fro Participants

Please refer to the - link

attention-icon Attention Investors

1) Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. 2) Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. 3) Pay 20% upfront margin of the transaction value to trade in cash market segment.  4)Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.5) Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. 6) For Stock Broking transaction : Prevent unauthorised transactions in your account 7) KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary  8) Update/ confirm your mobile number/email ID with us OR If you wish to change/ modify the current Mobile No. & E-mail ID, you are requested to provide MODIFICATION FORM duly filled in and signed OR If you do not want to provide Mobile No. & E-mail ID, you are requested to send DECLARATION FORM duly filled and signed.  9) Receive information of your transactions directly from exchange on your mobile/email at the end of the day...Issued in the interest of Investors 10) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remain in investor's account. 11)As per SEBI Circular MIRSD/ SE /Cir-19/2009 dated December 3, 2009 Client transaction account shall be required to do the actual settlement of funds and securities at least once in a Quarter or month.