According to the CDSL circular, it is essential for the sender (transferor) to add the receiver’s (transferee’s) demat account as a beneficiary on CDSL before processing any off-market (offline) share transfers. This arrangement is in place to ensure accuracy and prevent errors in share transfers. This is a one-time activity for transferring the shares to […]
Articles Tagged: CDSL
What is the new mechanism of pledge and re-pledge for collateral?
Current system To get higher exposure you can deposit the cash or use stocks in your demat account as collateral. When a client pledges the share to get extra intraday exposure or overnight position, the shares used to be transferred to the broker’s margin account (from client’s demat account to broker’s demat account for margin […]
Declaration for Basic Services Demat Account
Declaration for Basic Services Demat Account (BSDA) From : ___________________ _________________________ _________________________ _________________________ To Date : ___________________ Demat Department, VNS Finance & Capital Services Ltd. A-401-402, Mangalya, Marol Maroshi Road, Andheri East, Mumbai – 400 059 Dear Sir, Sub : Opening of CDSL Basic Services Demat Account ( BSDA ) 12030400_______. […]
Who is your Depository?
We are a Depository Participant with CDSL.