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This document is a form used to open a Central Depository System (CDS) account for a minor under the Central Depository & Settlement Corporation. It includes sections for personal details, parental consent, tax status, payment details, and declarations of accuracy and legality. The form ensures compliance with data protection laws and includes terms and conditions regarding account management and securities trading.
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CDS account opening refers to the process of establishing a Central Depository System (CDS) account which enables the holding and trading of securities in a dematerialized format.
Individuals and entities wishing to trade or hold securities electronically are required to file for a CDS account opening.
To fill out a CDS account opening form, one must provide personal identification information, contact details, and any required financial information along with applicable signatures.
The purpose of opening a CDS account is to facilitate the secure and efficient bookkeeping of transactions involving securities, allowing easy transfer and management of ownership.
The information that must be reported includes the account holder's identification details, proof of address, tax identification, and any other documentation specified by the depository.
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