Depository services

Depository services, like NSDL and CDSL, provide electronic storage for securities such as shares. Earlier companies issued share certificates to their investors, which many times were lost or destroyed. With depository services, one can conveniently store one's securities electronically, which ensures safety and ease of transaction. CDSL is the only depository-services provider listed on the Indian markets. To ensure transparency in the financial system, the Ministry of Corporate Affairs has proposed mandatory dematerialisation of all unlisted companies. Depositories, like CDSL, will be the key beneficiaries of this. The promoters of CDSL include BSE, State Bank of