Depository Participant • NIMB Ace Capital Limited

As a depository participant (DP), NIMB Ace Capital is the intermediary between the depository system (CDS and Clearing Ltd.) and our clients.

Our individual clients enrolled in the depository participant services will have a separate account and be entitled as the beneficial owner (BO) of that account. Our services offer a secure, convenient and paperless way to keep track of our client investments in shares and other security instruments over time, without the hassle of handling paper based transcripts.

Our depository participant services will help individual clients maintain their securities account balances and perform the following functions,

Open Beneficial Owner account and maintain such
Dematerialization and re-materialization of securities
Keep record of securities in electronic form
Settlement of trades by transferring/receiving the securities from/in BO accounts
Electronic credit of securities allotted by issuers during IPOs
Deposit of non-financial corporate benefits (such as bonus, right shares, etc) issued by issuers in the Demat Account of BOs
Facilitation in the pledge/unpledged/freeze/unfreeze etc of dematerialized securities

Online Demat Account Service

NIMB Ace Capital has started its online Demat services as of 16th June 2015. NIMB Ace Capital is the first Depository Participant that lets you check your Demat account online. Now you can view your holdings and your statement from the comfort of your home and also print your statement anytime. The online demat service facilitates you to apply IPO(Initial Public Offering). It provides the required information regarding all the right share issues. You can even view the total worth of your shares you hold in your demat account.

If you have your Demat account with us please contact NIMB Ace Capital Ltd. or branches of Nepal Investment Bank Ltd. to get your login details.

Please stay connected and benefit from us.

Frequently Asked Questions (FAQs)

Frequently Asked questions(FAQs) on mutual funds available here.
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What is a Depository?

A depository facilitates the holding and/or transacting securities in book entry form. In other
words, a depository takes the ownership guarantee of the shareholders by holding those
securities and other market instruments which are listed in the secondary market, distributed or
allotted and can be deposited into the electronic form. The investor has to open a demat account
to avail the services of depository. Additionally, the depository maintains the record in the
account of the investors.

What kind of company is CDS and Clearing Ltd. (CDSC)?

CDS and Clearing Ltd. is the sole depository in Nepal established in 2067 B.S. under Company Act
2063 with an objective to render service of dematerialization of securities. It is wholly owned
subsidiary company of Nepal Stock Exchange Ltd. (NEPSE). The authorized capital and issued
capital of CDSC is NRs. 500 million and NRs. 300 million respectively.

What are the services provided by CDSC?

The services CDSC provides are as mentioned below:

Deposit, withdrawal and transfer of securities,
Electronic credit of securities directly into the investor’s demat account allotted in Initial
Public Offering (IPO),
To safeguard the investors’ securities into the electronic form and to debit/credit the
particular investor’s account as per the transactions occurred in the book entry system
Quicker distribution of securities allotted by issuers under IPO and corporate actions and
benefits of the issuers,
To provide secure and convenient electronic procedures for pledge and un-pledge of
securities.
To provide updated statement and reconciliation statement.

Who are the Parties involved with CDSC?

The following parties are involved with CDSC:

Beneficial Owner (BO): The investor
Depository Participant (DP): Agent of the depository
Issuer: Issuing Company
Registrar and Transfer Agent (RTA): Agent of the Issuer
Stock Brokers

What is the purpose of opening a demat account?

The purpose of opening a demat account are as mentioned below:

To convert the physical securities into the electronic form,
To deposit and transfer the NEPSE listed securities in a dematerialized form,
To credit the securities allotted through IPO and corporate actions (such as rights share
issue, bonus issue, merger, etc.) in a dematerialized form,
To receive the statement of the securities held in a demat account,
To pledge the securities held in a demat account,
To rematerialize the securities held in a demat account.

Documents Required for Opening BO/Demat Account

Individuals

Completely filled up Application form (Annexure 12 of CDS Byelaws, 2068), with signature of the witnesses
A copy of citizenship certificate
A copy of NRN Certificate issued by Government of Nepal for Non-Residential Nepalese.
A copy of guardianship certificate in case of minor
1 passport size photo of BO. (in case of minor: 1 copy of PP photo of guardian, 1 copy PP photo of minor)
Agreement with Beneficial Owner as per Annexure 15 of CDS Byelaws,2068
It is mandatory to provide bank account details while opening a demat account
In case of individual, please provide following documents if you wish to add nominee in your DeMat account.
- A copy of citizenship certificate
- 1 passport size photo of nominee.