CAMINOS RURALES

Introduction

Over the years, SHCIL has grown to become a major player in the capital market. With a network of more than 120 offices operating across the country and franchisees operating abroad, SHCIL provides Depository Participant and related services close to 0.7 million satisfied investors out of which over 6000 are NRI Clientele.

SHCIL has a fully fledged NRI cell operating specifically to cater needs pertaining to Depository account opening and maintenance. NRI cell co-ordinates with prospective NRI customers, collects and assists in obtaining the relevant documents and ensures the Depository Account is opened hassle free. NRI Cell collects physical certificates to be sent for demat and ensures that the certificates are in order and can be sent for dematerialisation under the existing guidelines issued by the depositories. Instructions for trade are accepted by fax on request by NRI Cell to ensure timely settlement of trades. In this case later on the client needs to regularize by sending the original trade delivery instruction. Any tariff and billing related query are addressed by NRI Cell. In short NRI Cell is a single point contact for any matter relating to NRI Depository operations.

Open account

Before you open your account….

 Ascertain your NRI Depository Account status as per guidelines issued by RBI from time to time.

 In case of Joint Account, status of the first holder is reckoned for all purposes.  If scrip is held by three holders of whom the first is a NRI and the other two or

residents, then the account falls under NRI category.

 Accounts have to be opened in the exact order in which the names appear on the certificate. Holding pattern A B is not the same as B A.

Get your account opening form details right….

 All columns are filled in. Write NA wherever not applicable.

 Specify status as Non Repatriable (NRO) or repatriable (NRE). Status cannot be changed once account is opened.

 Bank account details should be compulsorily provided along with 9 digit MICR code

- If the status is NRE, bank details can be "NRE' or 'NRO'. - If the status is NRO, bank details can be 'NRO' only.

 Copy of RBI approval is not mandatory and the standing instruction for automatic credits may be marked as 'Y' without furnishing RBI approval. However, the onus of reporting to RBI is on the client.

 Proof of identity by way of Copy of your Passport and Bank Account attestation is compulsory.

 Initial the agreement on the front side and sign in the order of holders in the backside of the agreement

 Where the account is being opened by POA(proof of address)

i. The POA shall sign at all places in lieu of the original holder(s). However, the photographs will be those of the original holder(s) only. ii. A certified true copy of the POA has to be provided with the account

opening form along with the signature and photograph of the POA. iii. The account may be operated either by the original holder or by the

POA.

 Nomination

i. Nominee may be any person other than the account holders.

ii. Photograph of the nominee has to be affixed on the nomination form. iii. The nominee must sign across the photograph and in the space

provided below.

iv. If the nominee is a minor, the guardian shall sign at all places where the nominee is supposed to sign.

v. Photograph of the guardian also has to be affixed on the nomination form.

Introduction

Since its commencement in 1988 as the first dedicated Custodian in the country, SHCIL has been providing Custodial Services of international standards to Domestic Mutual Funds, Financial Institutions and Foreign Institutional Investors.

With almost 70% of the Institutional business in its fold, SHCIL has evolved over the times to meet the changing requirements of dynamic markets and demanding clients. A dedicated pool of trained and highly experienced professionals work literally round the clock on state of the art computer systems, dedicated communication channels, well connected to Client institutions, Stock Exchanges, Clearing houses, Depositories and leading Institutional brokers. In terms of collective man-years, SHCIL has the most experienced team in the entire Industry.

Trade processing services

SHCIL has specially trained personnel handling thousands of trade instructions involving large values on sophisticated systems using digital signature on STP (Straight through Processing) systems, ensuring smooth trade confirmations to Stock Exchanges, reporting and resolution of mismatches with Clients, etc.

Physical custody services

The transferred physical securities, when received, are held in state-of-the-art, high- security vaults on behalf of the clients. A pioneer in introducing the bar-coding system to track certificates, SHCIL ensures the availability of each and every share certificate at a moments notice.

Institutional DP services

SHCIL has installed dedicated DPM’s (Depository Participant Modules) on both the Depositories, viz. NSDL (National Securities Depository Ltd) and CDSL (Central

Depository Services Ltd). A dedicated Institutional DP team at SHCIL addresses your need for all core DP services like conversion of physical holdings into electronic form, settlement of trade instructions, rematerialisation, repurchase and pledge instructions, providing of holding and transaction statements and daily reconciliation of client holdings.

SHCIL also provides special services like providing dematerialisation and corporate action follow-up, saleable holding reports used by many fund managers, monitoring of CP Redemptions, prepayments and providing customized reports like put/call forecasts and non equity holding reports.