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Investor Charter

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.

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.

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 www.cdslindia.com/DP/dplist.aspx

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

Basic Services

Brief about the Activity / ServiceExpected Timelines for processing by the DP after receipt of proper documents
Dematerialization of securities 7 days
Rematerialization of securities 7 days
Mutual Fund Conversion / Destatementization 5 days
Re-conversion / Restatementisation of Mutual fund units 7 days
Transmission of securities 7 days
Registering pledge request 15 days
Closure of demat account 30 days
Settlement Instruction For T+1 day settlements, Participants shall accept instructions from the Clients, in physical form up to 4 p.m. (in case of electronic instructions up to 6.00 p.m.) on T day for pay-in of securities. For T+0 day settlements, Participants shall accept EPI instructions from the clients, till 11:00 AM on T day. Note: 'T' refers 'Trade Day'

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

Type of Activity /Service Brief about the Activity / Service
Value Added ServicesDepositories also provide value added services such as
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)
Digitalization of services provided by the depositories Depositories offer below technology solutions and e- facilities to their demat account holders through DPs:

Details of Grievance Redressal Mechanism

The Process of investor grievance redressal

Type of Activity /Service Brief about the Activity / Service
Investor Complaint/ GrievancesInvestor can lodge complaint/ grievance against the Depository/DP in the following ways:
  • Electronic mode –
  • Offline mode [details of link to the form to be provided by Depositories] The complaints/ grievances lodged directly with the Depository shall be resolved within 21 days.
Online Dispute Resolution (ODR) platform for online Conciliation and Arbitration If the Investor is not satisfied with the resolution provided by DP or other Market Participants, then the Investor has the option to file the complaint/ grievance on SMARTODR platform for its resolution through by online conciliation or arbitration. [SMARTODR] https://smartodr.in/login
Steps to be followed in ODR for Review, Conciliation and Arbitration
  • Investor to approach Market Participant for redressal of complaint
  • Offline mode [details of link to the form to be provided by Depositories] The complaints/ grievances lodged directly with the Depository shall be resolved within 21 days.
  • Alternatively, the investor may also file a complaint on SMARTODR portal for its resolution through online conciliation and arbitration.
  • Upon receipt of complaint on SMARTODR portal, the relevant MII will review the matter and endeavour to resolve the matter between the Market Participant and investor within 21 days.
  • If the matter could not be amicably resolved, then the Investor may request the MII to refer the matter case for conciliation.
  • During the conciliation process, the conciliator will endeavor for amicable settlement of the dispute within 21 days, which may be extended with 10 days by the conciliator.
  • If the conciliation is unsuccessful, then the investor may request to refer the matter for arbitration.
  • The arbitration process to be concluded by arbitrator(s) within 30 days, which is extendable by 30 days.

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

Type of special circumstances Timelines for the Activity/ Service
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.

Dos and Don'ts for Investors

For Do's and Don'ts please refer to the link Dos and Don'ts for Investor

Rights of investors

For Rights of investors please refer to the link Rights of investors

Responsibilities of Investors

For Responsibilities of Investors please refer to the link Responsibilities of Investors

Code of Conduct for Depositories

For Code of Conduct for Depositories please refer to the link Code of Conduct for Depositories

Code of Conduct for Participants

For Code of Conduct for Participants please refer to the link Code of Conduct for Participants

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