Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MARKET3 Marks
Question
Give information about National Securities Depository Ltd. $(NSDL).$
✓
Answer
National security depository limited $(NSDL) :$
$NSDL$ is a public company established under companies act.
It was registered with $SEBI$ in $1996.$
$NSDL$ is formed with collaboration of national stock exchange and some financial institutions.
$NSDL$ is formed under companies act as a public company, it is managed by board of directors.
$NSDL$ performs its functions through depository participants appointed by it.
$NSDL$ recover fees not from investors / customers but from depository participants and depository participants recover fees from customers.
$NSDL$ performs the functions of dematerialization, settlement of transactions electronically, crediting right and bonus shares in customers account freezing customers account when required etc.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.