NATIONAL SECURITIES DEPOSITORY LIMITED - NSDL

Date:(iii)(iv)(v)Application for shifting of clearing account. (as per the below given format)Acknowledgement copy (signed & stamped by the authorised official) of theapplication for closure of the account from the previous Participant.Copy of the latest SEBI registration certificate (not applicable for CMs ofCommodity Exchanges).Participant should verify the completeness of the account opening form and verify the copiessubmitted with the original documents.(a) If the application is not in order the Participant will return the application to the CM forrectification.(b) If the application is in order, the Participant (new) will execute the agreement and givea copy of it to the CM.(c) The Participant (new) will forward the copy of the account opening form along with theabove mentioned documents to NSDL. All the documents should be verified with itsoriginal and a stamp “Verified with Original” should be put on the same alongwith thename, designation and signature of compliance officer. NSDL will allot the ClearingMember a new CM-BP-ID.(d) The Participant (new) will open the clearing account after the new CM-BP-ID isdownloaded to its DPM System and intimate NSDL about opening of the account and thedate from which pay out is intended to be received in new CM account, however, notlater than seven days from opening of CM account by the Participant (new).(e) The new account will be marked to receive receipts-in due on pay-out after NSDLreceives intimation from Participant (new).(f) NSDL will intimate the Participant (old) to commence the procedure for closure of theaccount.(g) On receipt of intimation from NSDL, the Participant (old) will disable the standinginstruction (if any). After the completion of one BOD/EOD cycle, the Participant willverify the balances in the clearing account. If the balances happen to be zero and thereare no outstanding instructions for the clearing account, the Participant will change thestatus of the account to “To be closed” and intimate NSDL accordingly.(h) On receipt of intimation from the Participant (old), NSDL will revoke the old CM-BP ID ofthe CM.(i) In case balances in its clearing account are not zero, the Participant (old) will informthe CM to move its balances out of the CM Pool account in a reasonable time.(j) The Participant (old) will again verify the balances in the account. If the balanceshappen to be zero, the Participant will follow the procedure mentioned in point no. (g)above.(k) If the balance in the old clearing account has not been reduced to zero within one weekof opening of the new account, the Participant (old) shall inform NSDL forthwith thatthe balance has not been reduced to zero.APPLICATION FOR SHIFTING OF CLEARING ACCOUNTTo be forwarded through Depository Participant (new)Mr. Prashant VagalVice PresidentNational Securities Depository LimitedTrade World 4th FloorKamala Mills CompoundSenapati Bapat Marg Lower ParelMumbai - 400 013[ 31 ]