Investor Charter – CDSL

1. Vision:

Towards making Indian Securities Market – Transparent, Efficient, & Investor friendly by providing safe, reliable, transparent and trusted record keeping platform for investors to hold and transfer securities in dematerialized form.

 

2. Mission

  • To hold securities of investors in dematerialised form and facilitate its transfer, while ensuring safekeeping of securities and protecting interest of investors.
  • To provide timely and accurate information to investors with regard to their holding and transfer of securities held by them.
  • To provide the highest standards of investor education, investor awareness and timely services so as to enhance Investor Protection and create awareness about Investor Rights.


3. Details of business transacted by the Depository and Depository Participant (DP)
A Depository is an organization which holds securities of investors in electronic form. Depositories provide services to various market participants – Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors in both primary as well as secondary markets. The depository carries out its activities through its agents which are known as Depository Participants (DP). Details available on the link CDSL https://www.cdslindia.com/DP/dplist.aspx

 

4. Description of services provided by the Depository through Depository Participants (DP) to investors

(1) Basic Services

 

Sr.No. Brief about the Activity / Service Expected Timelines for processing by the DP after receipt of proper documents
1    Dematerialization of securities   7 days
2    Rematerialization of securities   7 days
3   Mutual Fund Conversion / Destatementization   5 days
4   Re-conversion/Restatementisation of Mutual fund units   7 days
5   Transmission of securities   7 days
6   Registering pledge request   15 days
7   Closure of demat account   30 days
8   Settlement Instruction    Depositories to accept physical DIS for pay-in of securities upto 4 p.m and DIS in electronic form upto 6 p.m on T+1 day

 

(2) Depositories provide special services like pledge, hypothecation, internet based services etc. in addition to their core services and these include

 

Sr.No. Type of Activity /Service Brief about the Activity / Service
1   Value Added Services   Depositories also provide value added services such as
      •   a)

Basic Services Demat Account (BSDA)

      •   b)

Transposition cum dematerialization

      •   c)

Linkages with Clearing System

    •   d) Distribution of cash and non-cash corporate benefits. (Bonus, Rights, IPOs etc.)
2   Consolidated Account statement (CAS)   CAS is issued 10 days from the end of the month (if there were transactions in the previous month) or half yearly (if no transactions).
3   Digitalization of services provided by the depositories    Depositories offer below technology solutions and e-facilities to their demat account holders through DPs:
      •   a)

E-account opening

      •   b)

Online instructions for execution

      •   c)

e-DIS / Demat Gateway

      •   d)

e-CAS facility

      •   e)

Miscellaneous services

5. Details of Grievance Redressal Mechanism

(1) The Process of investor grievance redressal

Sr.No.    
1    Investor Complaint/ Grievances    Investor can lodge complaint/ grievance against the Depository/DP in the following ways:

a. Electronic mode –

(i)

SCORES (a web based centralized grievance redressal system of SEBI)

    •    (ii) Respective Depository’s web portal dedicated for the filing of compliant

CDSL Portal

    •    (iii) Emails to designated email IDs of Depository

complaints@cdslindia.com  b. Offline Mode – Emails to designated email IDs of Depository Participant

The complaints/ grievances lodged directly with the Depository shall be resolved within 30 days.

2    Investor Grievance Redressal Committee of Depository    If no amicable resolution is arrived, then the Investor has the option to refer the complaint/ grievance to the Grievance Redressal Committee (GRC)   of the Depository. Upon receipt of reference, the GRC will endeavor to resolve the complaint/ grievance by hearing the parties, and examining the   necessary information and documents.
3    Arbitration proceedings    The Investor may also avail the arbitration mechanism set out in the Byelaws and Business Rules/Operating Instructions of the Depository in   relation to any grievance, or dispute relating to depository services. The arbitration reference shall be concluded by way of issue of an arbitral   award within 4 months from the date of appointment of arbitrator(s).

 

(2) For the Multi-level complaint resolution mechanism available at the Depositories

 

6. Guidance pertaining to special circumstances related to market activities: Termination of the Depository Participant

 

Sr.No. Type of special circumstances Timelines for the Activity/ Service
1
  • Depositories to terminate the participation in case a participant no longer meets the eligibility criteria and/or any other grounds as mentioned in the bye laws like suspension of trading member by the Stock Exchanges.
  • Participant surrenders the participation by its own wish.
   Client will have a right to transfer all its securities to any other Participant of its choice without any charges for the transfer within 30 days from the date of intimation by way of letter/email.

 

7. Dos and Don’ts for Investors

 

8. Rights of investors

 

9. Responsibilities of Investors

 


Investor Complaints Data

Data for every month ending
Sr. Received From Carried forward from previous month Received during the month Total Pending Resolved Pending at the end of the month Average Resolution time (in days) (working days)
            Pending for less than 3 months Pending for more than 3 months  
1 2 0 0 0 0 0 0
1 Directly from Investors 0 0 0 0 0 0 0
2 SEBI (SCORES) 0 0 0 0 0 0 0
3 Depositories 0 0 0 0 0 0 0
4 Other Sources (if any) 0 0 0 0 0 0 0
0 Grand Total 0 0 0 0 0 0 0
 
 
Trend of monthly disposal of complaints
           
Sr.  Month Carried forward from pervious month Received  Resolved  Pending 
1 April/2022 0 0 0 0
2 May/2022 0 0 0 0
3 June/2022 0 0 0 0
4 July/2022 0 0 0 0
5 August/2022 0 0 0 0
6 September/2022 0 0 0 0
7 October/2022 0 0 0 0
8 November/2022 0 0 0 0
9 December/2022 0 0 0 0
10 January/2023 0 0 0 0
11 February/2023 0 0 0 0
12 March/2023 0 0 0 0
13 April/2023 0 0 0 0
14 May/2023 0 0 0 0
15 June/2023 0 0 0 0
16 July/2023 0 0 0 0
17 August/2023 0 0 0 0
18 September/2023 0 0 0 0
19 October/2023 0 0 0 0
20 November/2023 0 0 0 0
21 December/2023 0 0 0 0
22 January/2024 0 0 0 0
23 February/2024 0 0 0 0
  Grand Total 0 0 0 0

 

Trend of annual disposal of complaints

           
Sr.  Year Carried forward from pervious year Received during the year Resolved during the year Pending at the end of the year
1 2017-18 0 0 0 0
2 2018-19 0 0 0 0
3 2019-20 0 0 0 0
4 2020-21 0 2 0 0
5 2021-22 0 0 0 0
6 2022-23 0 0 0 0
7 2023 till Feb 2024 0 0 0 0
  Grand Total 0 2 0 0