Account Opening
Account Opening
Investors may open an account with any CDBL participant (for an up to date list of participants, see Listed Participants).
The participant will request the investor to sign an agreement which will set out the rights and duties of both the investor and the participant.
The participant will then open an account for the investor at CDBL.
Normally the account will be in the name of the investor. If the participant is going to mix one investors securities with another in an omnibus account then this must be specifically stated on the agreement.
Where the account is in the name of the investor then the Law provides that the account holder is a member of the company even though his securities are dematerialised.
The participant is required (under the regulations) to provide statements on at least a monthly basis if there are movements on the account. Even if there are no movements the participant must provide a quarterly statement.
CDBL has introduced Online BO account opening System on 9th February 2021 to facilitate the Investors of the capital market to open a BO account through online. Click below link to avail the service: