Benefits

Dematerialisation of securities with CDSL offers numerous benefits to the issuer of securities.

  • In the demat form transfer of securities takes place at CDSL and if the entire issue of a security is held in demat form, the issuer can save considerable time and money being incurred on its share department / RTA.
  • Dematted securities are not subject to loss, theft, mutilation or misuse by faking or forging certificates, thereby saving companies from lengthy correspondence, litigation and complaint handling. It will therefore eliminate instances of bad delivery.
  • All non-cash corporate actions such as rights, bonus, subdivision of holdings, conversion of securities, issuing securities on mergers/amalgamations and in initial public offerings (IPO) can be handled in demat form without any hassles in the shortest possible time and at very low cost.
  • With the CDSL's centralised database, the issuer can get upto-the-moment information on any changes in its holding pattern of a security. Thus, the company effectively monitors the change in holding and is alert to any undue threat.
  • CDSL has acquired state-of-the-art equipment including the HP 64 Bit Enterprise server system (super computer technology with the robustness of enterprise class), which is the highest performing RISC/UNIX server system available in the marketplace.
  • This system is connected to a near fault tolerant storage system from EMC2 Corporation. This is the world's best storage system and the first of its kind to be installed in India, nay Asia.
  • The software developed has all the security features conforming to world standards. The software facilitates a robust accounting and transaction management system.
  • CDSL's system is based on a centralised database with on-line connectivity with Depository Participants (DPs) who provide on-line services to investors. All data pertaining to investor holdings are stored at CDSL. CDSL has also established extensive back up systems, where a back up of the data is also stored at a remote site.
  • CDSL ensures the security and integrity of all data by protecting it from any misuse or manipulation by unauthorised users as all communications between CDSL and its users is encrypted. There is no dial-up access for any user and only authorised users can access the system.
  • The hardware, software and connectivity systems are reviewed continuously to strengthen the systems & procedures and to comply with the stringent international standards.

Admission procedure

In order to admit its securities with CDSL, a company should first establish electronic connectivity with CDSL. The company can establish a direct in-house electronic connectivity with CDSL or can utilize the services of a Registrar and Transfer Agent (RTA) having electronic connectivity with CDSL.

1. The company should submit the certified true copy(ies) of the following document(s) along with the payment to      CDSL:

  • Payment towards Processing & Annual Issuer Charges through NEFT/Demand draft favouring 'Central Depository Services (India) Limited'.
  • Tri-partite (for franking and e-stamping / on stamp paper) or bi-partite ( for franking and e-stamping / on stamp paper) agreement should be executed with CDSL in triplicates with one original and two copies of the original agreement with ORIGINAL SIGNAURES AND RUBBER STAMP on it. Stamp duty payable on agreements will be Rs.600/- if executed in the state of Maharashtra.

    Please do not mention the date on the agreement. The date of execution of agreement will be entered by CDSL, after obtaining necessary approvals for admitting the company. If the agreement is received with the date mentioned on it, same would be rejected and issuer, RTA has to execute new agreement.
  • Master Creation Form (MCF)
  • Soft & hard copy of security details in prescribed format (Equity /Warrant/ Preference Shares).
  • Board Resolution for admission of securities with CDSL mentioning the details about authorized signatory(ies) and appointment of RTA, if any.
  • Capital Confirmation/Listing Certificate(s)/In-principle Approval(s) of Listing, from the Stock Exchange(s) where the security is Listed/Proposed to be Listed – Applicable in case of Listed Company.
  • Declaration from Issuer & RTA confirming Electronic and Physical Connectivity – Applicable and MANDATORY in case of Listed Company.
  • Latest Reconciliation of Share Capital Audit Report
  • Annual Report for the last financial year
  • Networth Certificate from a Practicing Chartered Accountant/ Practicing Company Secretary
  • Memorandum & Articles of Association along with Certificate of Incorporation.

Registration for e-Voting:


Additional documents in case of Change in Capital:

  • Form-2 along with ROC receipt – Applicable in case of increase in Issued/Paid-up Capital after the latest audited balance sheet.
  • Form-5 along with ROC receipt – Applicable in case of Consolidation/Sub-division in Face Value after the latest audited balance sheet.

Additional documents in case of Initial Public Offer (IPO):

  • Certified copy of Offer Document submitted to SEBI.
  • Certified true copy of the letter submitting the Draft Prospectus to SEBI (with SEBI’s acknowledgement)
  • Certified copy of the approval(s) from the Stock Exchange(s) for inclusion of name in Offer Document or certified copy of In-principle Listing Certificate from the Stock Exchange(s) where the securities of the company are proposed to be listed.

2. Threshold criteria for admission of equity shares / preference shares of a company listed ONLY with the Regional      Stock Exchange (s) i.e. other than BSE/NSE/MCX-SX is as under:

  • The networth of the company should be at least 1 crore and if the networth is eroded, such erosion should not be more than 50%
          OR
  • There should be trading in the equity shares of the company for at least 50 days during the preceding 12 months
          OR
  • The equity shares of the company should be admitted with NSDL.
           OR
  • The securities of the said company though not listed are available for trading on any of the stock exchange platform having nationwide terminals under a separate (permitted to trade) segment.

3. A company which is listed ONLY with the Regional Stock Exchange(s) i.e. other than BSE/NSE/MCX-SX and not      fulfilling the aforementioned threshold criteria of admission, may be admitted with CDSL by obtaining an      declaration from the company, indicating ISIN of a company will be kept in 'Frozen for Debit' status till such time      the company fulfills the admission criteria and intimate the same to CDSL.

The above criteria will not apply to PSUs.

Note : Soft copy(ies) of above mentioned document(s) may be forwarded at – issueradmission@cdslindia.com

1. If the company has already entered into an agreement with CDSL, forward the following documents:

2. If the company has NOT entered into an agreement with CDSL, forward the following documents:

Note : Soft copy(ies) of above mentioned document(s) may be forwarded at – issueradmission@cdslindia.com

1. If the company has already entered into an agreement with CDSL, forward the following documents;

2. If the company has NOT entered into an agreement with CDSL, forward the following documents;

Note : Soft copy(ies) of above mentioned document(s) may be forwarded at – issueradmission@cdslindia.com

1. If any of the MF Scheme of an AMC is already admitted with CDSL, forward the following documents:

2. If an AMC is admitting its MF Schemes with CDSL for the first time, forward the following documents:


Above mentioned documents can be forwarded to us at email IDs –neetap@cdslindia.com / subhashb@cdslindia.com / nitinp@cdslindia.com / issueradmission@cdslindia.com.

Reference Ministry of Corporate Affairs (MCA) notification dated 10th September, 2018,

1. The company should submit the certified true copy(ies) of the following document(s) along with the payment to      CDSL:

  • Payment towards Application Processing Fee, Annual Custodial Charges & Security Deposite through NEFT/Demand draft favouring 'Central Depository Services (India) Limited'.
  • Tri-partite (for franking and e-stamping / on stamp paper) or bi-partite ( for franking and e-stamping / on stamp paper) and (In House RTA Declaration ) agreement should be executed with CDSL in triplicates with one original and two copies of the original agreement with ORIGINAL SIGNAURES AND RUBBER STAMP on it. Stamp duty payable on agreements will be Rs.600/- if executed in the state of Maharashtra.

    Please do not mention the date on the agreement. The date of execution of agreement will be entered by CDSL, after obtaining necessary approvals for admitting the company. If the agreement is received with the date mentioned on it, same would be rejected and issuer, RTA has to execute new agreement.
  • Master Creation Form (MCF)
  • Soft & hard copy of security details in prescribed format (Equity).
  • Board Resolution for admission of securities with CDSL mentioning the details about authorized signatory(ies) and appointment of RTA, if any.
  • Certified copy of the Certificate of Incorporation and Certificate of Incorporation pursuant to change of name of company, if applicable.
  • Undertaking on the letterhead of the company duly stamped and signed by the authorized signatory (For Private Companies).
  • Undertaking on the letterhead of the company duly stamped and signed by the authorized signatory (For Unlisted Public Companies).
  • Declaration for freezing / unfreezing of securities (applicable in case of Private Limited Company).
  • Certified copy of PAS-3 and SH-7 filed with MCA for issue of securities or variation in face value of shares or reduction in capital after the last balance sheet date.
  • Certified Copies of Memorandum and Articles of Association.
  • Annual Report for the last financial year
  • Networth Certificate from a Practicing Chartered Accountant/ Practicing Company Secretary
  • Tariff for all Unlisted companies (Public and Private)

    Custodial Fees will be applicable on the issue size of Debenture and paid up capital of Equity.

  • Reference Ministry of Corporate Affairs (MCA) notification dated 10th September, 2018, Issuers to pay @ ₹11.00 (*) per folio (ISIN position) to CDSL, subject to a minimum as mentioned below:
  • Nominal value of admitted securities (₹) Annual Custodial Charges payable by an Issuer to CDSL (₹) (*)
    Upto 2.5 crore 5,000
    Above 2.5 crore and upto 5 crore 9,000
    Above 5 crore and upto 10 crore 22,500
    Above 10 crore and upto 20 crore 45,000
    Above 20 crore 75,000
  • Security Deposit:The unlisted public companies to maintain security deposit of not less than two years annual custodial fees. Issuer companies will be charged two years annual custodial fees as applicable in the first year of admission till there is a change in the capital slab. In the event of change in applicable capital slab the security deposit will be enhanced by the difference in charges (for two years).
  • A non-refundable processing fee of ₹15,000/- shall be payable by Issuers companies for admission of unlisted securities. A non-refundable processing fee of ₹15,000/- shall be payable by Issuers for the removal of unlisted securities.

1. If any of the AIF Scheme is already admitted with CDSL, forward the following documents:

  • Hard copy of the Master Creation Form [MCF] Part-B (duly filled, signed and stamped on every page of MCF).
  • Softcopy of the MCF – Part-B in excel format.
  • Certified copy of Board Resolution [BR] for admission of Alternative Investment Fund Scheme with CDSL (Not required, if, one time Board Resolution is submitted).
  • Certified true copy of Private Placement Memorandum [PPM].

2. If an AIF is admitting its Schemes with CDSL for the first time, forward the following documents:

  • Letter of Intent cum Master Creation Form [MCF] Part-A and Part-B (duly filled, signed and stamped on every page of MCF).
  • Softcopy of the MCF – Part-B in excel format.
  • Certified copy of Memorandum and Articles of Association.
  • Certification of registration of Alternative Investment Fund issued by SEBI.
  • Certified copy of Board Resolution [BR] for admission of Alternative Investment Fund with CDSL.
  • Certified true copy of Private Placement Memorandum [PPM].
  • Tri-partite (for franking and e-stamping / on stamp paper) or bi-partite (for franking and e-stamping / on stamp paper) agreement should be executed with CDSL in triplicates with one original and two copies of the original agreement with ORIGINAL SIGNATURES AND RUBBER STAMP on it. Stamp duty payable on agreements will be Rs.600/- if executed in the state of Maharashtra.
  • Please do not mention the date on the agreement. The date of execution of agreement will be entered by CDSL, after obtaining necessary approvals for admitting the company. If the agreement is received with the date mentioned on it, same would be rejected and issuer, RTA has to execute new agreement.
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Page last updated on May 20, 2020    Dept:Operations