A Depository facilitates holding of securities in the electronic form and enables securities transactions to be processed by book entry. The Depository Participant (DP), who as an agent of the depository, offers depository services to investors. According to SEBI guidelines, financial institutions, banks, custodians, stockbrokers, etc. are eligible to act as DPs. The investor who is known as beneficial owner (BO) has to open a demat account through any DP for dematerialisation of his holdings and transferring securities.

The balances in the investors account recorded and maintained with CDSL can be obtained through the DP. The DP is required to provide the investor, at regular intervals, a statement of account which gives the details of the securities holdings and transactions. The depository system has effectively eliminated paper-based certificates which were prone to be fake, forged, counterfeit resulting in bad deliveries. CDSL offers an efficient and instantaneous transfer of securities.

CDSL was promoted by BSE Ltd. jointly with leading banks such as State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank and Union Bank of India.

CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants. Some of the important milestones of CDSL system are :

  • CDSL received the certificate of commencement of business from SEBI in February, 1999.
  • Honourable Union Finance Minister, Shri Yashwant Sinha flagged off the operations of CDSL on July 15, 1999.
  • Settlement of trades in the demat mode through BOI Shareholding Limited, the clearing house of BSE Ltd., started in July 1999.
  • All leading stock exchanges like the BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), National Stock Exchange and MCX Stock Exchange Limited have established connectivity with CDSL.

Additionally CDSL has venture in to the arena of providing e-Voting services in an effort to reduce the time taken for conducting a postal ballot and also obviate the issues faced by investors in voting for corporate resolutions. The e-Voting System for Corporates is a web based platform which enables companies obtain votes for resolutions proposed by it from its security holders electronically in a quick and cost efficient manner. The e-Voting System for Coporates was launched by Hon. Minister of Coporate Affairs Shri Salman Khurshid on 17th November 2009, and credited the initiative as a step forward in ensuring good corporate governance and investor empowerment.

The e-Voting System has also been approved by the Ministry of Corporate Affairs (MCA) vide its circular no. 21/2011 dated 2nd May, 2011. The Standarization Testing and Quality Certification (STQC) has also been taken for the e-Voting website. Additionally the e-Voting system is also ISO 9001:2015 certified.

CDSL e-Voting Vision Statement

Empower to make every vote count

Empower Security Holders and other Voters to participate in decision making process from a place and time of their convenience by

  • Providing secure and dependable Technology Platform
  • Simplifying the voting process by eliminating paper
  • Facilitating voting on resolutions in fair and transparent manner
  • Eliminating delays in declaration of results
  • Increasing security-holders and other voters participation in meetings

CDSL e-Voting Service Mission

CDSL e-Voting Service shall create secure and dependable technology platform to pursue ever improving financial performance in

  • Providing automated e-Voting service that is simple, fair, transparent and quick through
  • Customer centric approach
  • World Class Quality and Best Practices
  • Motivated and Empowered People
  • Proactive Management of Relationships
  • Optimum use of resources
  • Innovative product offerings
Site Last Updated on : January 16, 2023
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