Can an agreement between a DP registered with CDSL or NSDL be terminated on immediate date? i.e. say in a dp named 123 is registered with cdsl, now out of the blue can CDSL terminate the said agreement without prior notice and on immediate effect. Say the dp is registered with cdsl since 15/04/2006 and suddenly on 04/07/2007 cdsl gives an email to the dp that with immediate effect your registeration is cancelled and on the same date sends all bo a letter saying that they have closed the dp and now the bo will have to contact cdsl directly for transfering the securities in any other account. can cdsl terminate the agreement without prior notice?
i need to know the rules and regulations on immediate basis please help me. kindly update whether the dp can comment or take any action in such a situation.
