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Who is Depository Participant?
A Depository Participant (DP) is an agent of the depository and is authorized to offer depository services to investors. According to SEBI guidelines, financial institutions, banks, custodians, stockbrokers, etc. can become DP with a depository.
What are the activities performed by the depository participant?
The services performed by the Depository Participant are listed below: Account Opening & Maintenance Dematerialization of Securities & Mutual Funds Rematerialization of Securities & Mutual Funds Transfer of Securities & Mutual Funds Pledging / ...
Why have I receive margin pledge mail from CDSL/NSDL depository ?
Effective from 1st August 2020, to avail margin on your stocks purchased, the same has to be pledged. In the new pledge system, the stocks don’t leave the investor’s demat account, instead a pledge is marked in favor of the broker. Only incase if you ...
Is there any separate validation process used by exchanges, depository and KRA?
No, all entities use the same pan validation link of Protean/UTI which indirectly uses income tax data to validate.
What is delivery instruction slip and what is it's purpose
Delivery Instruction Slip (DIS) is an instrument to get shares transferred from one account to another within the same Depository or Inter-Depository.