Administration Manual - B.E.S.T. Undertaking.

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2. SGL : Subsidiary General Ledger Account : An organization dealing in buying/selling of
Public Securities/Treasury can open SGL A/c with bank approved by the Reserve Bank
of India. In case of having SGL A/c, investor can opt for delivery mode as SGL instead
physical if the seller is having SGL A/c and security is in SGL format and any interest
due put/call option/redemption proceeds are directly credited to the Bank A/c with
whom SGL A/c is maintained by the investor.
In our case, we have maintained SGL A/c No. CSGL 003 and CSGL 004 in favour of
B.E.S.T.Undertaking and BEST Undertaking P.F.Trust respectively with Indian Bank, Fort
Branch also we have recently opened SGL A/c with HDFC Bank A/c No. BY SL 727. The
Account No. is common both for Undertaking and P.F.Trust.
Demat Form :
Now a days securities are traded in dematerialized form. In this form there is no
physical delivery of bonds / securities but Organisation dealing in buying / selling of
securities has to open Demat Account with Depository Participant (D.P.’s such as HDFC
Bank, Stockholding Corporation, Bank of India etc.) Undertaking has opened its Demat A/c
with HDFC Bank. HDFC Bank gives us monthly transaction /Stock holding statement
which shows the number of securities held in Demat Form. In case of purchase of bonds, we
check the receipt of delivery of bonds through accessing internet and in case of sale of
Securities, a delivery challan has to be filled up and duly signed by two authorized
signatories & deliver the same to our D.P. (i.e. HDFC Bank ).
Opening of Demat Account
The Indian Capital Market has undergone a radical change during the last few years
with setting up to Depositary cell. A Depositary cell can be compared to a Bank. A Bank