Central Depository Services

Central Depository Services (India) Limited
	File:Central Depository Services logo.svg
Traded as	NSE: CDSL
Industry	Depository Services
Founded	February 1999
Headquarters	Mumbai, India
Key people	Nehal Vora, (Managing Director & CEO)
Website	www.cdslindia.com

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Central Depository Services (India) Ltd (CDSL), is the first listed Indian central securities depository based in Mumbai.

Central Depository Services (India) Limited (CDSL) was initially promoted by the BSE Ltd. which thereafter divested its stake to leading banks. CDSL received the certificate of commencement of business from the Securities and Exchange Board of India (SEBI) in February 1999.

The main function of CDSL is to facilitate holding of dematerialised securities enables securities transactions to be processed by book entry.

CDSL facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges. These securities include equities, debentures, bonds, Exchange traded Funds (ETFs), units of mutual funds, units of Alternate Investment Funds (AIFs), Certificates of deposit (CDs), commercial papers (CPs), Government Securities (GSecs) and Treasury Bills (TBills).

CDSL was listed on June 30, 2017 on the National Stock Exchange (NSE) through Initial Public Offer (IPO) and thereafter became the first and the only depository to get listed in Asia-Pacific region and second in the World

The balances in the investors account recorded and maintained with CDSL can be obtained through the Depository Participant (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.