Dear All,
It is my profound privilege to communicate with a mammoth family of 844 Dp’s of
NSDL and CDSL operating through 27,358 locations providing demat services to 231
lacs satisfied investors, through new DPAI website.
The website has been thoroughly revised, expended to make it more user friendly
and to provide all useful information to our members at a glance. Latest circular
of NSDL, CDSL, SEBI, etc has been included as part of information pool of this website.
The list of National Executive Members and Regional councils have been provided
on the site with their contacts. I hope this will be used extensively for interaction
and sharing views. Site provides a healthy account of our association's work over
last many years. Photograph gallery of several events, meetings and conventions
also give a wonderful insight into the vibrant association that DPAI has evolved
into.
You are aware DPAI is in continuous engagement with Government, SEBI, Exchanges,
NSDL and CDSL over various issues that concern the members and DP’s. Recently, the
SEBI has mandated both the depositories and KRA’s to have quarterly meeting with
the DPAI/ representatives to address various operational issues in the capital market.
The meetings are to be properly structured with minutes and action taken reports.
These will be taken cognizance of by SEBI . This is very useful measure envisaged
by SEBI and undoubtedly will help in resolving the long pending issues relating
to different operating procedures adopted by depositories.
Viability of DP operations as a separate profit centre has to be ensured. Various
suggestions in this regard have been submitted to depositories by DPAI and we are
confident of a positive decision in this regard. The next trajectory of growth in
DP operations will start with single unified demat account covering all financial
assets, as has been purposed in the previous budget. Therefore, it is equally important
to continue building investors’ confidence and it is our paramount duty in helping
investors to make informed decisions.
The internet and social media have come to play an important role. DPAI hopes to
use this as an effective tool to communicate with members and DP’s with the public
at large and as a first step, communication through websites is being made more
active.
With best Wishes for Happy and prosperous new year
Dr. Naresh Maheshwari
president@dpai.in, Secretary@dpai.in