Recently certain services at Central Depositories Services India Ltd (CDSL)were disrupted due to a suspected cyber-attack.
Central Depository Services Limited (“CDSL”) was found in 1999 to fulfil one goal: Convenient, Dependable and secured depository services.
CDSL is a government-registered share depository, alongside its other state-owned counterpart National Securities Depository Ltd (NSDL).
Over two decades later, everything they are involved in the values we have built on, dematerialisation of various asset classes, e-services – have all been in support of that singular goal, at an affordable cost.
They are a Market Infrastructure Institution (MII) and a crucial part of the Capital market structure, providing services to all Market participants – Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors.
A Depository is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions.
Arth is a CSR Initiative from Central Depository Services (India) Ltd. with a mission to make financial education simple and accessible for all.
The Depository Act of 1996 regulates the establishment and operation of a depository in India.
SEBI is the governing body that regulates the functioning of any depository.
About National Securities Depository Limited (NSDL):
NSDL is India’s first & largest depository.
It was set up on November 8, 1996, formed with the purpose of handling the securities held in dematerialized form in the Indian capital market.
National Securities Depository Limited (NSDL) is promoted by the National Stock Exchange, Industrial Development Bank of India, and Unit Trust of India.
