Master Circular on 'Account Opening' - Version 1 - NSDL

VII. The Participant should capture the signature(s) of the authorisedsignatories as given in the Account Opening Form in the DPMSystem.VIII. The Participant should enter the Client account number generatedfrom the DPM System in the Account Opening Form.IX. The Participant should print the Client <strong>Master</strong> Report and give it tothe CM alongwith a copy of the Agreement.1.4 Additional requirement for special type of accounts1.4.1 Promoter account: While opening such accounts, Participants are advisedto obtain an undertaking from the Client that said beneficiary account(s) areopened for the sole purpose of holding and transacting for the securitiesheld as promoter and no other securities will be held/transacted in the saidaccount.1.4.2 DR account: It may be mentioned that since the Client has already beenidentified by the Participant (the Client should be an existing accountholder), a separate agreement may not be required. However, Participantsmust ensure that the Client gives a letter mentioning its intention to open aseparate account for holding DR-cancelled securities and that it will bebound by the agreement it had earlier signed with the Participant(NSDL/PI/2002/0899 dated June 7, 2002).1.4.3 Margin Account: While opening such accounts, Participants are advisedto obtain an undertaking from the CM/Broker that the said beneficiaryaccount(s) are opened for the sole purpose of holding and transacting forClient margin purposes and no other securities will be held/transacted inthe said account.1.5 Procedure to be followed if there are more than three holders(NSDL/PI/99/231 dated April 8, 1999):31