Summarize the entry and withdrawal steps and explain the direct delivery by Clearing Corporation to your customer account. Discuss inter-settlement transfers. You are familiar with the procedure of automatic delivery and transfer between deposits In India, a deposit participant (DP) is described as an agent of the depositary. They are the intermediaries between the depositary and the investors. The relationship between the MOU and the depositary is governed by an agreement between the two parties under the Depositary Act. In the strictly legal sense of the term, a DP is an undertaking registered as such with SEBI in accordance with Article 12, Subsection 1A, of the SEBI Act. In accordance with the provisions of this law, a DP can only offer deposit-related services after receiving a registration certificate from SEBI. As of 2012, 288 DPs of NSDL and 563 DPs of CDSL have been registered with SEBI.   Do you know the main rules of the Depositories Act 1996, do you know the criteria for admission as depositaries and understand the registration process and the different rights and obligations of depositaries? Understand the records that must be kept by a custodian and the legal agreement between the custodian and the issuers. In the case of corporate clients, additional seizures are required – a true copy of the decision to open Demat a / c must be attached with the signatories of the operation of the account and an authentic copy of the memorandum and statutes. For each investor/client to benefit from the services offered by the custodian, he must open a deposit account with one of the DPs, known as Demat A/C. The deposit is an institution or organization holding securities in the form of De Mat, in which trading takes place between stocks, bonds, investment funds, derivatives, F&O and commodities.
Intermediaries carry out their actions in different securities with Depository on behalf of their clients. These intermediaries are called Depositories Participants (DPs). Basically, there are two types of deposits in India. One is national securities depository limited (NSDL) and the other is Central Depository Service (India) Limited (CDSL). Each depositary participant (PNR) must be registered with that depositary before entering the market before entering the market.. . . .