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FINANCIAL MARKET — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MARKET3 Marks
Question
Give information about Central Depository Services $($India$)$ Ltd. $(CDSL).$
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Answer

Central depository services $($India$) LTD :$
  • $CDSL$ is formed as a public company under companies act in $1995$ in collaboration with Bombay stock exchange and banks.
  • $CDSL$ has the objective to provide services with safe facility list of its registered depository participants is website.
  • In india $NSDL$ depository participants of $NSDL$ and $CDSL$ are electronically connected so servicers to investors are available at door.
  • The centralized system of $NSDL$ and $CDSL$ keep watchful eye on every transaction.

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