Objectives Of The Company
LSC Securities Limited is a subsidiary of the Ludhiana Stock and Capital Limited, which was formed with an objective to enhance business and investment opportunities for the investors and members of Ludhiana Stock and Capital Limited at large, through innovative products by encompassing a variety of activities related to the capital market.The company has a paid-up capital of Rs 6.44 crores.
Introduction Of The LSC SECURITIES LTD.
LSC Securities Ltd., was incorporated in January, 2000 with a view to revive the capital market in the region and for taking full advantage of the emerging opportunities being provided by expansion of bigger stock exchanges like NSE and BSE. The company since its inception has marched forward rapidly and achieved many milestone in a short span of existence.
Governing Council
The Council of the management of the Company comprises of 8 directors of which 6 are Share Holder Director's and 2 are Nominee Director's, Nominated by Ludhiana Stock and Capital Limited Holdiing Company.
Corporate Membership Of NSE & BSE
SEBI, at the initiative of LSC, permitted smaller Stock Exchanges, to trade on bigger Stock Exchanges through their subsidiary companies. The Ludhiana Stock and Capital Limited floated its subsidiary company, the LSC Securities Limited, with the objective of obtaining trading rights on bigger Stock Exchanges. It has obtained corporate membership of both NSE and BSE in the first half of year 2000.
Trading At NSE & BSE
The LSC Securities Ltd. commenced trading operations in Capital Market Segments of BSE and NSE in September, 2000 and December 2000 respectively. The turnover of the Company at NSE and BSE is growing by leaps and bounds ever since in incorporation. There was encouraging response from the sub-brokers specially at NSE counters.The Company is active trading member's of NSE and BSE in Cash and FNO segments. There are more than 150 active authorised person of the company.
F&O Segment Of Nse
The LSC Securities Ltd. commenced trading operations in Future and Options Segment of NSE in February 2002. The Company became the first subsidiary of any Regional Stock Exchange which commenced trading in “F&O” Segment of NSE. Response to trading facilities in the “F&O” segment of NSE has been very encouraging and volumes generated in this segment soon exceeded those in “Capital Market” segment.
Certification In Financial Market
In order to provide professional services to the investors of LSC Securities Limited through its sub-brokers, the company motivated its sub-brokers/Authorised Person and its staff to qualify the certification in financial markets conducted by NSE. All trading terminals for Capital Market Segment and F&O segment are being operated by the persons after having qualified the said certification
Depository Participant Services – National Securities Depository Limited (NSDL)
The LSC Securities Ltd. commenced its operations as Depository Participant of NSDL in August 2000. The DP services provided by the Company have technology edge over other DPs, as DP of the company is the only On-line Real-Time DP in the region. As a result of efficient services and competitive rates, the Company has been able to increase its market share in the DP business at the cost of other DPs in the region. As on date DP of NSDL and CDSL of the Company at Ludhiana is servicing over 35000 beneficiary accounts.
Depository Participant Services – Central Depository Services (INDIA) Limited (CDSL)
In order to further strengthen its services to sub-brokers / Authorised Person and investors, the Company applied for the DP of CDSL. It started DP operations of CDSL in December 2001. With the operationalisation of DP Services of CDSL, the Company has been able to provide delivery of shares to sub-brokers / Authorised Person and investors on the day of pay-out.
Expansion Projects
The Company has provided various type of services to inverstor such as online account opening, Modification and clouser facilities. The company has also DP Branches at Amritsar and Sangrur.
