NDML is the second KRA appointed by SEBI after
Mumbai: NDML (NSDL
Database Management Ltd), a wholly-owned subsidiary of National Securities
Depository Limited (NSDL), has received in-principle approval from SEBI as KYC
Registration Agency (KRA).
“NDML has received the in-principle
approval to set up the KRA. We expect to go live in a few days,” said Sameer
Gupte, Vice President, NSDL Database Management Ltd.
NDML was set up in 2004. It has
established Central Record-keeping Agency (CRA) for NPS and Tax Information
Network (TIN) for Central Board of Direct Taxes (CBDT).
NDML is the second KRA appointed by
SEBI. Cafemutual had first reported that CVL was appointed as the first KRA.
The common KYC process has become effective from January 1, 2012.