MARKET PARTICIPANTS : India   Stock exchange(s) in the country There are 23 stock exchanges in the country. Out of these, 10 stock exchanges contributing 98% of the trading volumes of the country are connected to NSDL. A list of these 10 stock exchanges connected to NSDL is given below: NSE - National Stock Exchange of India BSE - The Stock Exchange, Mumbai ASE - The Stock Exchange, Ahmedabad BgSE - Bangalore Stock Exchange CSE - The Calcutta Stock Exchange DSE - The Delhi Stock Exchange LSE - The Ludhiana Stock Exchange ISE - Interconnected Stock Exchange MSE - Madras Stock Exchange OTCEI - OTC Exchange of India Which organisation acts as central securities depository? The legal framework of the country provides for multiple depositories such that all depositories are linked to each another. Registration and registrars All securities which are dematerialised are registered in the name of the depository. For such securities, the depository's record of ownership has the same status as the register of members maintained by or on behalf of the issuer. In view of this, securities transferred from one account to another within a depository do not require any registration. For other transfers, registration is performed by Registrar and Transfer Agents (registered with the Securities and Exchange Board of India). Who provides a central securities settlement system? For dematerialised instruments held in a depository, the depository carries out this function. In other cases, this function is performed by the clearing corporations/ clearing houses attached to the stock exchanges. This page is sponsored by: More about National Securities Depository Limited Responsibility for accuracy of the above information rests solely with the named sponsor.  All information at globalcustody.net is written as a general guide, so it is recommended that specific professional advice is sought before any action is taken.   TOP