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CAS -- NSDL and CDSL versions for mutual funds

Tue, 12 May 2026 00:00:00 +0000

India’s two depositories – the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) – each issue a version of the Consolidated Account Statement (CAS) that covers mutual fund units held in demat form alongside listed equity shares, bonds, government securities, and other securities held in the same demat account. The depository CAS supplements, but does not replace, the RTA-generated CAS issued by CAMS and KFintech, because the RTA CAS remains the authoritative source for physical folio-based mutual fund holdings.

How to do a transmission of shares at Zerodha (death of holder)

Tue, 12 May 2026 00:00:00 +0000

Transmission is the process by which securities in the demat account of a deceased holder are transferred to the rightful successor – either a registered nominee or a legal heir. It is distinct from an off-market transfer because it is not a voluntary act of the account holder; it is a legal succession event.

Transmission of shares held in a Zerodha demat account is governed by the SEBI Depositories and Participants Regulations, 2018 (Regulations 56 to 60), the SEBI Master Circular on Transmission of Securities, the Companies Act 2013 (Sections 56 and 72), and the CDSL operational instructions. Zerodha, as a CDSL depository participant, follows CDSL’s prescribed transmission procedures.

Karvy Stock Broking pledge-misuse case (2019) and RTA implications

Tue, 12 May 2026 00:00:00 +0000

The Karvy Stock Broking pledge-misuse case of 2019 was one of the most significant broker-client securities fraud incidents in Indian capital market history. Karvy Stock Broking Limited (KSBL), one of India’s largest equity brokers by client account count, was found to have pledged client securities held in client demat accounts, without the knowledge or authorisation of those clients, with banks and NBFCs to raise loans for the benefit of Karvy group companies, including its real estate arm. The total unauthorised pledges amounted to approximately Rs 2,873 crore, affecting approximately 95,000 client accounts. The episode prompted emergency regulatory action by the Securities and Exchange Board of India, CDSL, and NSE, and raised specific governance concerns about the role of Karvy’s integrated registrar and transfer agent (RTA) business in the group’s operations.

Registrar to an Issue

Mon, 11 May 2026 00:00:00 +0000

A registrar to an issue (RTI) is a capital-market intermediary registered with the Securities and Exchange Board of India that provides the back-office infrastructure for a public securities offering. In the Indian primary-market architecture, the registrar sits between the issuer and the two national depositories – National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) – and is responsible for receiving applications, verifying investor credentials, eliminating duplicate bids, computing the basis of allotment, and transmitting depository instructions so that shares reach successful applicants’ demat accounts. Without a registered RTI, no public issue of capital in India can proceed.

Statement of Holdings (SOH)

Mon, 11 May 2026 00:00:00 +0000

Overview

The Statement of Holdings (SOH) is a document issued by a depository – either CDSL (Central Depository Services Limited) or NSDL (National Securities Depository Limited) – through the client’s depository participant (DP, i.e., the stockbroker or bank acting as DP) that lists all securities currently credited to a specific demat account as of a given date. For clients of Zerodha, which acts as a DP with CDSL, the SOH is accessible through the CDSL Easi/Easiest portal and can also be requested through Zerodha Console.

Statement of Transactions (SOT)

Mon, 11 May 2026 00:00:00 +0000

Overview

The Statement of Transactions (SOT) is a document issued by a depository – CDSL or NSDL – through the depository participant (DP) that records every credit and debit of securities in a specific demat account during a chosen period. It is the demat account’s equivalent of a bank account statement, showing the movement of securities rather than cash. For Zerodha clients (whose accounts are on the CDSL platform in most cases), the SOT is available through the CDSL Easi portal and can also be generated through Zerodha Console.