International Securities Identification Number • SEBI being the National Numbering Agency[NNA] for India has permitted NSDL to allot International Securities Identification Number (ISIN) for demat shares.
Numbering System of ISIN.
• The numbering structure for securities in NSDL is of 12 digit alpha numeric string. • The first two characters represent country code i.e. IN (in accordance with ISO 3166). • The third character represents the Issuer Type CAPITAL MARKET WITH ARINDAM BAKSHI • The next 4 characters (fourth to seventh character) represent company identity. The first 3 characters are numeric. The fourth character is alpha character. • The next two characters (the eight and ninth characters) represent security type for a given issuer. • The next two characters (the tenth and eleventh characters) are serially issued for each security of the issuer entering the system. CAPITAL MARKET WITH ARINDAM BAKSHI IMP:- Gsecs ISIN given by RBI CAPITAL MARKET WITH ARINDAM BAKSHI CAPITAL MARKET WITH ARINDAM BAKSHI Investor Protection Fund • Investor Protection Fund (IPF) has been set up as a trust under Bombay Public Trust Act, 1950 under the name and style of National Stock Exchange Investor Protection Fund Trust and is administered by the Trustees. • The IPF is maintained by NSE to make good investor claims, which may arise out of non-settlement of obligations by the trading member, who has been declared defaulter, in respect of trades executed on the Exchange.
CAPITAL MARKET WITH ARINDAM BAKSHI
Investor Protection Fund • The maximum amount of claim payable from the IPF to the investor (where the trading member through whom the investor has dealt is declared a defaulter) is Rs.15 lakh. • A notice is published in widely circulated daily newspapers notifying the trading member who has been declared defaulter. Claims against the trading member specified in the notice are required to be made, on or before three months from the date of such published notice.
CAPITAL MARKET WITH ARINDAM BAKSHI
Investor Education & Protection Fund • Central Government has established a fund called Investor Education and Protection Fund (IEPF) in October 2001 for the promotion of awareness amongst investors and protection of the interest of investors. • It is maintained by Ministry of Corporate Affairs, Govt. of India. • It stipulates activities related to Investor’s education, awareness and financial security • The following amounts that remained unpaid and unclaimed for a period of seven years from the date they became due for payment is credited to the fund: – Unpaid dividend – Application money not refunded – Matured deposits & debentures – Accrued interests CAPITAL MARKET WITH ARINDAM BAKSHI CASELET : ISIN
CAPITAL MARKET WITH ARINDAM BAKSHI
Settlement Reports • Prepared by NSCCL • All are downloadable by CMs/Custodians