NISM Certifications · NISM-Series-VI: Depository Operations · Introduction to the Indian Capital Market
Ms. Rhea Kapoor asks her broker which entities in India are registered as depositories under the Depositories Act, 1996 to hold securities in electronic form. Which of the following is correct?
NSDL and CDSL are the two depositories in India registered under the Depositories Act, 1996 and SEBI regulations. Exchanges like NSE and BSE, regulators like SEBI and RBI, and clearing corporations such as NSCCL and ICCL perform different functions and are not depositories.
- ANSE and BSE
- BNSDL and CDSLCorrect
- CSEBI and RBI
- DNSCCL and ICCL
Explanation
The two depositories operating in India are National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). NSE and BSE are exchanges, SEBI and RBI are regulators, and NSCCL and ICCL are clearing corporations, so they are not depositories.
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