Home | Register | Sign in | Contact Us | Sitemap |
   
11 Jan 2012 06:50 AM
NDML receives in-principle approval from SEBI as KYC Registration Agency 
Ravi Samalad
 

NDML is the second KRA appointed by SEBI after CVL.

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. Read here. The common KYC process has become effective from January 1, 2012.

 

 

 
|
|
|
|
|
|
|
Cafemutual welcomes your comments. Any disagreements or criticisms must be expressed in a dignified manner. Thank you.
blog comments powered by Disqus
 
Related Articles
NJ India’s assets under advisory cross Rs. 20,000 crore
SAT adjourns SRO hearing again
SEBI chief lauds MF industry
CIFA Program Quiz Contest participants to get consolation rate
We have not taken any decision on MF commissions yet: U K Sinha
Learn how to grow your business at Cafemutual IFA program 2015
SEBI chief to inaugurate MF Utility on January 21
BNP Paribas, Baroda Pioneer, ICICI Prudential and HSBC win Asia Asset Management award 2014
NFOs now open January 31
LIC Nomura MF launches LIC Nomura MF RGESS-Series 3
HDFC launches Rajiv Gandhi Equity Savings Scheme
JP Morgan launches India Economic Resurgence Fund
UTI Mutual Fund launches UTI Focussed Equity Fund-Series II (1102 days)
SBI Mutual Fund launches SBI Equity Opportunities Fund - Series II
Canara Robeco launches India Opportunities Fund
Sundaram Mutual Fund to launch World Brand Fund
 
About Us | Media | Advertise With Us | Editorial Policy | Contact Us | Privacy Policy | Disclaimer | Sitemap
© Cafemutal.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of cafemutual.com is prohibited.
Best Viewed in I.E 7.0 and above. Resolution: 1024 * 768. Developed & Hosted by Accord Fintech Pvt. Ltd