June 2010: NSDL - Trusted by One Crore Account Holders
June 2010: NSDL - Trusted by One Crore Account Holders
June 2010: NSDL - Trusted by One Crore Account Holders
SPICE enhancement – Ascertain status of uploaded NSDL has enhanced its IDeAS facility wherein account
instructions and Clients registered for SPICE holder can now enter User ID of his/her choice at the
time of registering for IDeAS facility through DIRECT
NSDL has enhanced its facility called SPICE (Submission
and need not use the User Id allotted automatically by
of Power of attorney based Instructions for Clients
the system.
Electronically) for Clearing Members to submit
instructions (auto pay-in) through SPEED-e facility Further details about this facility are mentioned
with two additional features: in Circular No. NSDL/POLICY/2010/0058 dated
May 25, 2010, which is posted on NSDL website
(i) ‘Auto Pay-in Instructions Status Download’ to
www.nsdl.co.in.
ascertain the status of the instructions (auto
pay-in) uploaded through SPEED-e facility. With Facility to view & change email ID on IDeAS facility
this new feature, the Clearing Member can view NSDL will be providing a facility to Users (i.e.Clients) of
the status of instructions uploaded by him for its IDeAS to reset passwords themselves for Users who have
clients and will help on conveniently monitoring forgotten the password by keying-in certain information
the pay-in obligations. on IDeAS website. The new password would be sent to
(ii) ‘POA Client List Download’ to ascertain the Clients their email address registered on IDeAS website. As a
registered for SPICE. preparatory step to the above facility, IDeAS facility
Further details about this are mentioned in Circular No. is being enhanced to facilitate Users to view / change
NSDL/POLICY/2010/0059 dated May 28, 2010 issued to their email addresses registered on IDeAS.
Participants. Further details about this are mentioned in Circular No.
NSDL/POLICY/2010/0057 dated May 25, 2010, which is
Change in registration process for Clients registered
posted on NSDL website www.nsdl.co.in.
for IDeAS facility through DIRECT
DIRECT (Direct Ideas REgistration of Client accounT) Capturing mobile numbers starting with 6 or 7 as the
facilitates registration of depository accounts activated first digit
under the Individual category i.e. Resident-Ordinary, Considering that mobile companies have also started
Resident-HUF, NRI-Repatriable, NRI-NonRepatriable allotting mobile numbers with either “6” or “7” as the
and Foreign National-FN for IDeAS facility directly at first digit, Participants have been informed that they
NSDL. can now capture in the DPM system ten digit mobile
Inside :
Performance Summary New Participant Centres
For Private circulation only
numbers starting with “6” or “7” also as the first digit in addition to ‘8’ or ‘9’.
This has been informed to Participants vide Circular No. NSDL/POLICY/2010/0056 dated May 21, 2010.
Discontinuation of depository services from Service Centres
NSDL had vide Circular no. NSDL/PI/2002/0346 dated February 26, 2002 informed its Participants about the
procedure to be followed in case of termination of franchisees. Participants are advised to follow the procedure as
given below for discontinuing depository services from any type of service centre (branches, franchisees, collection
centres, drop boxes or places called by any other name from where depository services are provided):
1. Advance notice of atleast 30 days about discontinuing of depository services to be given to all Clients, who are
availing depository services through such service centre.
2. Clients who are being provided depository services through such service centre should be informed about the
alternate arrangements made for availing the services.
3. Information should be given to NSDL about discontinuation of depository services from such service centre
atleast 30 days in advance.
This has been informed to Participants vide Circular No. NSDL/POLICY/2010/0049 dated May 10, 2010.
Acceptance of proof of date of birth in case of minor clients
NSDL has informed its Participants about the procedure to be followed in case of acceptance of proof of date of
birth for minor clients.
Participants have now been informed that they may accept a photocopy of birth certificate instead of attested or
notarized birth certificate as proof of date of birth for minor clients provided the same is verified with the original.
However, in case the client submits an original birth certificate, Participant can accept the same as proof of date
of birth.
This has been informed to Participants vide Circular No. NSDL/POLICY/2010/0051 dated May 13, 2010.
Information for creation of database for SEBI Complaints Redress System (SCORES)
SEBI vide its letter no. OIAE/3959/2010 dated May 6, 2010 informed NSDL about upgrading the investor grievance
redressal mechanism to a web-based centralized grievance redressal system. SEBI has therefore advised the
Depositories to provide certain information about its Depository Participants in the prescribed format including the
details about Compliance Officer’s name and their contact details and Service Centre details of the Participants.
NSDL will provide these details to SEBI as available in NSDL records based on the details provided by Participants.
Participants can view the details of their Service Centres as available on the NSDL website (www.nsdl.co.in).
This has been informed to Participants vide Circular No. NSDL/POLICY/2010/0052 dated May 13, 2010.
NCDO training / certification programmes for Participants
NSDL conducts training and certification programmes for Participants to increase the availability of trained personnel
for depository operations. In May 2010, such programmes were conducted in Agra, Ahmedabad, Bangalore, Bhopal,
Calicut, Chennai, Dehradun, Jaipur, Kochi, Kolhapur, Kolkata, Mangalore, Mumbai, Nagpur, New Delhi, Rajkot, Surat
and Trivandrum. 1,521 persons attended the training programmes conducted at these locations.
Name Change of Participant
Closure of HSBC Securities and Capital Markets (India) Private Limited Participant Operations
NSDL has informed all its Participants that pursuant to the closure of Participant operations by HSBC Securities and
Capital Markets (India) Private Limited, its certificate of registration as a Participant of NSDL has been cancelled by
SEBI and it has ceased to act as a Participant.
This has been informed to Participants vide Circular No. NSDL/PI/2010/1010 dated May 11, 2010.
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Subscription to SPEED-e
Three more Participants have subscribed to the SPEED-e facility:
Shriram Insight Share Brokers Limited (IN303809)
Nirmal Bang Securities Pvt. Limited (IN301604)
Guiness Securities Limited (IN302898)
Clients of the above mentioned Participant can now avail of the facility of submitting various instructions through
SPEED-e facility.
This takes the total number of Participants who have subscribed to SPEED-e to 97.
Performance Summary
Investors : Participants :
Dematerialisation : Settlement :
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July 8, 2010 Kharagpur New Settlement, West Bengal July 17, 2010 Madurai, Tamil Nadu
July 9, 2010 Contai, West Bengal July 22, 2010 Udhna, Gujarat
July 10, 2010 Haldia, West Bengal July 23, 2010 Bilmora, Gujarat
July 15, 2010 Tenkasi, Tamil Nadu July 24, 2010 Navasari, Gujarat
July 16, 2010 Rajapalaym, Tamil Nadu
NSDL Offices
Head Office Branch Offices
Mumbai Chennai Kolkata New Delhi
4th Floor, A Wing, Trade World, 6A, 6th Floor, Kences Towers, 5th Floor, The Millenium, 409 / 410, Ashoka Estate Building,
Kamala Mills Compound, #1 Ramkrishna Street, Flat No. 5W, 235 / 2A, 4th Floor, Barakhamba Road,
Senapati Bapat Marg, North Usman Road, Acharya Jagdish Chandra Bose Connaught Place,
Lower Parel, Mumbai - 400 013. T. Nagar, Chennai – 600 017. Road, Kolkata – 700 020. New Delhi - 110 001.
Tel: (022) 24994200 / 40904200 Tel: (044) 28143917 / 18 Tel: (033) 22814661 / 62 Tel: (011) 23353815 / 17
Fax: (022) 24976351 Fax: (044) 28144593 Fax: (033) 22891945 Fax: (011) 23353756
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TOPIC OF INTEREST
5. Is it mandatory for investors eligible for ASBA, to apply through ASBA only?
No, it is not mandatory. An investor, who is eligible for ASBA, has the option of making application
through ASBA or through the existing facility of applying with cheque.
7. Where should I submit my Application Supported by Blocked Amount (ASBA)? How shall I know which
bank and which branch of that bank is the designated branch for accepting ASBA applications?
List of Self Certified Syndicate Banks (SCSBs) and their designed branches i.e. branches where ASBA
application form can be submitted, is available on the websites of BSE (www.bseindia.com) and NSE
(www.nseindia.com) and on the website of SEBI (www.sebi.gov.in). The list of SCSB would also be
given in the ASBA application form.
“Printed & Published by Mr. Gopa Kumar T.N. on behalf of National Securities Depository Limited and Printed at Printography Systems (India)
Pvt. Ltd., 28, Mumbai Samachar Marg, Raja Bahadur Building, Mumbai - 400 023 and Published from National Securities Depository Limited, 4th Floor,
‘A’ Wing, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013. • Editor: Mr. Gopa Kumar T. N.”
NSDL Update June, 2010 Demat-by-NSDL ... Towards a secure future !!! Visit our website at www.nsdl.co.in