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Depository System — Secretarial Practice STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeDepository System4 Marks
Question
NSDL and CDSL
✓

Answer

PointsNSDLCDSL
1. Full FormNSDL means National Securities Depository Ltd.CDSL means Central Depository Services India Ltd.
2. FormedNSDL was formed in 1996CDSL was formed in 1999
3. Works forNSDL mainly works for National Stock Exchange (NSE)CDSL mainly works for the Bombay Stock Exchange(BSE)
4. RegisteredDepositories must be registered as a company under the Companies Act and obtain a Certificate of Commencement of business from SEBI.Depository Participants should be registered under the SEBI Act.

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