National Securities Depository Limited: Difference between revisions
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'''National Securities Depository Limited''' ('''NSDL''') is an Indian securities depository that provides electronic depository, settlement, and repository services for securities traded in the Indian capital markets. Established in 1996, NSDL was India's first securities depository and pioneered the dematerialization of securities, facilitating the transition from physical share certificates to electronic ownership records. Headquartered in Mumbai, Maharashtra, the company operates under the regulatory supervision of the [[Securities and Exchange Board of India]] (SEBI) in accordance with the '''Depositories Act, 1996'''. Together with [[ | '''National Securities Depository Limited''' ('''NSDL''') is an Indian securities depository that provides electronic depository, settlement, and repository services for securities traded in the Indian capital markets. Established in 1996, NSDL was India's first securities depository and pioneered the dematerialization of securities, facilitating the transition from physical share certificates to electronic ownership records. Headquartered in Mumbai, Maharashtra, the company operates under the regulatory supervision of the [[Securities and Exchange Board of India]] (SEBI) in accordance with the '''Depositories Act, 1996'''. Together with [[Central Depository Services Limited]] (CDSL), NSDL forms the backbone of India's securities depository infrastructure. | ||
NSDL provides depository services for equity shares, corporate bonds, government securities, mutual fund units, exchange-traded funds (ETFs), commercial paper, certificates of deposit, treasury bills, sovereign gold bonds, alternative investment funds (AIFs), infrastructure investment trusts (InvITs), real estate investment trusts (REITs), and other eligible securities. Investors access these services through registered '''Depository Participants''' (DPs), including banks, brokerage firms, custodians, and financial institutions. By maintaining securities in electronic form, NSDL reduces settlement risk, eliminates the need for physical certificates, accelerates settlement cycles, and improves the safety, transparency, and efficiency of securities transactions. | NSDL provides depository services for equity shares, corporate bonds, government securities, mutual fund units, exchange-traded funds (ETFs), commercial paper, certificates of deposit, treasury bills, sovereign gold bonds, alternative investment funds (AIFs), infrastructure investment trusts (InvITs), real estate investment trusts (REITs), and other eligible securities. Investors access these services through registered '''Depository Participants''' (DPs), including banks, brokerage firms, custodians, and financial institutions. By maintaining securities in electronic form, NSDL reduces settlement risk, eliminates the need for physical certificates, accelerates settlement cycles, and improves the safety, transparency, and efficiency of securities transactions. | ||
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NSDL is regulated by the [[Securities and Exchange Board of India]] (SEBI) under the '''Depositories Act, 1996''', the '''Securities Contracts (Regulation) Act, 1956''', and related regulations governing securities depositories and market infrastructure institutions. | NSDL is regulated by the [[Securities and Exchange Board of India]] (SEBI) under the '''Depositories Act, 1996''', the '''Securities Contracts (Regulation) Act, 1956''', and related regulations governing securities depositories and market infrastructure institutions. | ||
The company works closely with institutions including the [[National Stock Exchange of India]] (NSE), [[BSE Limited]], [[Central Depository Services | The company works closely with institutions including the [[National Stock Exchange of India]] (NSE), [[BSE Limited]], [[Central Depository Services Limited|CDSL]], the [[Clearing Corporation of India Limited]] (CCIL), the [[Reserve Bank of India]] (RBI), the [[International Financial Services Centres Authority]] (IFSCA), and the [[Securities and Exchange Board of India]] (SEBI) in supporting the integrity, efficiency, and resilience of India's securities settlement infrastructure. | ||
== See also == | == See also == | ||