The securities of India's established companies are all admitted into CDSL for dematerialisation.

JOINING PROCEDURE - EQUITY
 

Procedure for admission of equity shares into CDSL

  1. The company should forward certified true copies of the following documents to CDSL along with the master creation form and a demand draft favouring 'Central Depository Services (India) Limited' towards annual charges through their RTA:


    Annual Report for the last 3 years


    Board Resolution for admission of securities in CDSL, about authorised signatories and appointment of RTA


    Memorandum & Articles of Association along with Incorporation Certificate.


    Draft Offer Document, in case of IPO


    Brief profile of the Company and promoters.


    Networth Certificate


    Bank attested specimen signature, Pan card or Passport of authorised signatories

    Secretarial Audit Report.(Listed)

    Capital confirmation / Listing certificate from all the Stock Exchanges where the security is Listed.


    Capital confirmation / In-principle approvals for listing from all the Stock Exchanges where the security is proposed to be Listed


    Form 2 along with ROC receipt.(In case of increase in the paid up capital after the date of latest Balance Sheet.)


    Letter from RTA confirming about electronic and physical connectivity.(Listed)


    If approved, the tri-partite (for-franking / on-stamp-paper) or bi-partite (for-franking / on-stamp-paper) agreement is executed by CDSL


    In case of admission of equity shares of an unlisted company ( indemnity-cum-undertaking on Rs.200/- non judicial stamp paper) / private limited company ( indemnity-cum-undertaking on Rs.200/- non judicial stamp paper) in the prescribed format


  2. Threshold criteria for admission of equity shares for a listed company.

    i) The networth of the company should be at least Rs.1 crore and if the networth is eroded, such erosion should not be more than 50%.
                                                 Or
    ii) There should be trading in the equity shares of the company for at least 50 days during the preceding twelve months.

    The above criteria will not apply to PSUs.

Please note that the abovementioned criteria are the threshold criteria for admission of equity shares of listed companies. All applications, which are qualified by the aforesaid criteria for admission, are considered by the Securities Committee of CDSL. The Securities Committee accepts or rejects the application for admission on merits.

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