Product & Services - Depository  
Capital Markets in India have been growing at a tremendous pace in terms of Market Capitalization and number of investors. So as to facilitate paperless settlement, involving buying/selling and transfer of shares and securities in the country, the Government of India promulgated The Depositories Act, 1996 in August 1996.

The Depositories Act also aimed at improving the efficiency of the capital markets and the financial system, while protecting the interests of the investor- community. The Regulations under the act obviate the host of problems the investors used to face earlier in respect of delayed transfer of shares, non-receipt of dividends, bonus and rights, etc. The implementation of the regulations, under the said act, has helped investors get their lawful dues, in shape of dividends, bonus and rights, with transfer of shares in their names more promptly and efficiently. This can be ensured by opening a demat account. Under the provisions of the said Act, two Depositories have been approved to operate in India viz. National Securities Depository Ltd., (NSDL) and Central Depository Services (India) Ltd., (CDSL).

Depository : 
A depository holds shares and securities in electronic form in your name, just as a bank holds your deposits in your account. Besides holding securities, a depository also provides services related to your transactions in securities.

Central Depository Services (India) Ltd., (CDSL) : 
It has received approval from SEBI in February 1999. It is promoted by The Stock Exchange, Mumbai (BSE) jointly with leading banks such as State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank, Union Bank of India and Centurion Bank. CDSL commenced its operations from July 1999. It has depository participants (like agents called branches) through out India.

Hem Securities Ltd.,(HSL) as Depository Participant (DP) of CDSL: 
Hem Securities Ltd., has got the approval from CDSL and SEBI authorities under the Depositories and Participants Regulations, 1996 in 2000 for our two main D.P. offices at Mumbai and Jaipur which are located in our corporate offices. All other Business Outlets our connected through DP Back office for quicker execution of DP instructions.

We have, so far, opened around 1 lakh demat accounts in which very sizeable amount of shares/securities are held by our investing and trading clients. In a span of about 15 years, we have been successful in opening so many accounts due to our best of services as D.P. to our clients. We charge very competitive fees to our clients in respect of our host of services.

HSL is in the growth mode, we are likely to open more branches to reach out to many more of our customers in other important centres.

We offer following services as D.P..
  • Opening of Demat account

  • Dematerialization

  • Rematerialisation

  • Maintaining record of holdings in electronic form

  • Settlement of trades by delivering/ receiving underlying securities

  • Settlement of off-market trades

  • Providing electronic credit in respect of securities allotted under IPO

  • Receiving non-cash corporate benefits, such as, allotment of bonus and rights shares, stock split, etc

  • Pledging/Un-pledging of securities

  • Providing periodical statement of transactions

  • Registering nomination

As our depository clients (BOs), you can submit debit/credit transaction instructions to effect off-market, on-market, inter-depository and early pay-in transactions. You can also view your holdings, value of your holdings ( based on previous day’s closing price on BSE ).

You can obtain

  • Transactions details for preceding seven days and
  • Print-out of statement of your account.

India Wide Network  
Hem, now present Throughout India with 300 Outlets in more than 125 cities
Whenever you need any information of stock market activities