CDSL hits upper circuit; know more now!

The share price of CDSL gained by 5 per cent on Thursday to hit upper circuit even as the frontline indices slipped in the red. 

The Controller of Certifying Authorities (CCA) has accorded its approval to CDSL Ventures Limited (“CVL”), the wholly owned subsidiary of CDSL, to provide eSign services. Further, CCA has empanelled CVL as an eSign Service Provider (ESP) to provide eSign services to Application Service Providers (ASP) based on online Aadhaar eKYC. 

eSign or Electronic Signature Service can be integrated with various applications to facilitate digital signing of a document, by authenticating Aadhaar based e-KYC of eSign user. eSign provides benefits which includes convenience and security to citizens, while organizations save on time, achieve streamlined processes and reduce the costs associated with handling and storage of paper.

Currently, CVL is also registered with UIDAI as AUA/KUA to offer aadhaar based EKYC services. CVL’s aadhaar based eKYC services coupled with the eSign service will facilitate intermediaries to offer seamless online account opening using online Aadhaar based eKYC and eSign. 

CVL has also launched an OnLine Account Opening (OLAO) software for facilitating intermediaries to perform online KYC and open demat and broking accounts of their clients. CVL’s OLAO provides a thrust to seamless online account opening using online Aadhaar based eKYC and eSign. 

On this momentous occasion, Shri Sunil Alvares, MD & CEO, CVL said “The Government of India’s initiatives towards transforming the digital infrastructure is taking constructive shape and CDSL Ventures Limited is honoured to be an eSign service provider in the country as part of this vision. Our eSign services will accelerate the pace of change in ushering a paperless revolution in India.” 

About CDSL Ventures Limited (CVL):

CVL is the first and largest KYC Registration Agency (KRA) in India with over 3.35 crore KYC records. The KRA enables a KYC compliant investor to avoid duplication of KYC process while opening an account for the purpose of trading / investment through multiple intermediaries in the securities market. CVL also provides services related to aadhaar based eKYC, aadhaar based esign, Online Account Opening, CKYC, Registrar and Share Transfer, GSTN Suvidha Provider and Academic Depository.