What is a Custodian?

A Custodian is basically an organisation, which helps register and safeguard the securities of its clients.Besides safeguarding securities, a custodian also keeps track of corporate actions on behalf of its clients:

  •  Maintaining a client’s securities account
  •  Collecting the benefits or rights accruing to the client in respect of securities
  •  Keeping the client informed of the actions taken or to be taken by the issue of securities, having a bearing on the benefits or rights accruing to the client.
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