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NATIONAL SECURITIES CLEARING CORPORATION LIMITED (NSCCL)

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This company incorporated as a wholly owned subsidiary of the National Stock Exchange of India Limited carries out: 

(i) Clearing & settlement of trades executed in capital market segment of NSE.

(ii) Completing the settlement promptly without delay or deferment.

(iii) Operating on behalf of the clearing members from and to regional clearing centres and central clearing centres at Mumbai.

(iv) Detecting bad papers in the form of fake or forged certificates or lost and stolen share certificates through the automated mechanism of the clearing corporation.

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