The Stock Holding Corporation of India (SHCIL) has launched a pilot e-Stamping project in Gujarat, India.
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The Indian Government has appointed SHCIL as a central-record-keeping agency, responsible for registration, imprest balance administration and e-Stamping. The National Securities Depository or Central Depository Services will technically regulate the SHCIL. Sebi in turn regulates the depositories with regard to their market operations. SHCIL's website also does not reveal its shareholding details or those of its stock-broking subsidiary, SHCIL Services Ltd.
