Taxmann Depository Operations by National Institute of Securities Markets (NISM) Edition April 2022

The examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in:

• Dealing or interacting with clients;
• Dealing with securities of clients;
• Handling redressal of investor grievances;
• Internal control or risk management;
• Activities having a bearing on operational risk;
• Maintenance of books and records pertaining to the above activities

This book will be beneficial to all those interested to learn about the functions of Depositories and Depositories Participants

The Present Publication is the May 2021 workbook version, published exclusively by Taxmann for NISM Certification Examination VI [Depository Operations], with the following noteworthy features:

• [Know the Basics] of the Indian securities market and the following:
  • Depository system
  • Need for depository
  • Key features of depository system in India
• [Understand] the following in detail:
  • The institutional structure of the depository system in India
  • Business partners of a depository
  • The regulatory framework in which the depositories & their depository participants function, their eligibility criteria, registration procedure, rights & obligations, etc.
  • How Demat account is opened, documents required & significance of Power of Attorney
• [Know the Various Functions] of Depository & Depository Participants, such as:
  • Dematerialisation
  • Trading & Settlement
  • Pledging & Hypothecation

The detailed contents of the book are as follows:

• Introduction to the Indian Capital Market
• Introduction to Depository
• Depository and its Business Partners
• Functions of Depository Participant – Account Opening
• Functions of Depository Participant – Account Operations
• Functions of Depository Participant – Transmission and Nomination
• Functions of Depository Participant – Dematerialisation
• Functions of Depository Participant – Trading and Settlement
• Special Services – Pledge & Hypothecation
• Special Services – Public Offering/Corporate Actions
• Special Services – Debt Instruments & Government Securities
• Foreign Portfolio Investors (FPI)
• Investor Services

The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. he institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets. The institute’s six schools of excellence work in synergy towards professionalized securities markets.

The Six Schools of Excellence:

School for Securities Education (SSE)
School for Certification of Intermediaries (SCI)
School for Regulatory Studies and Supervision (SRSS)
School for Investor Education and Financial Literacy (SIEFL)
School for Corporate Governance (SCG)
School for Securities Information and Research (SSIR)