Company Profile
Introduction
The Central Depository & Settlement Corporation Limited (CDSC) is a limited liability Company approved by the Capital Markets Authority under Section 5 of the Central Depositories Act, 2000 to establish and operate a system for the central handling of deliveries and settlement of securities in the Capital Markets in Kenya. It commenced its operations as a central depository on 10th November 2004.
Incorporation
The Central Depository & Settlement Corporation Limited (CDSC) was incorporated on 23rd March 1999 under the Companies Act, 2000.
Nature Of Business
The business of the Company is to establish and operate a central depository system and provide central clearing, settlement and depository services for securities initially in Kenya in respect to securities listed on the Nairobi Stock Exchange. The central depository system provides a centralized system for the transfer and registration of securities in electronic format without the necessity of physical certificates.
REGISTERED OFFICE
Nation Centre, 10th Floor
Kimathi Street
P O Box 3464 00100
NAIROBI
Tel: 254 020 2229407, 0724 256 130 or 0733 222 033
Fax: 254 020 2229405
Email: cdsckenya@cdsckenya.com
SHARE CAPITAL
The authorized and issued share capital of the CDSC is Kenya Shillings One Hundred Million (100,000,000/=) divided into One Million (1,000,000) shares of Kenya Shillings one hundred (100/=) each.
SHAREHOLDING
The shareholders of CDSC are:
The Capital Markets Challenge Fund Ltd. | 50% |
Nairobi Stock Exchange Ltd. | 20% |
AKS Nominees Ltd. | 18% |
CMA Investor Compensation Fund | 7% |
Uganda Securities Exchange Ltd | 2.5% |
Dar es Salaam Stock Exchange Ltd | 2.5% |
AUDITORS
Deloitte & Touche
Certified Public Accountants
Kirungii House,Ring Road, Westlands
P O Box 40092,
NAIROBI
BANKERS
Commercial Bank of Africa
Wabera Street/Standard Street
P O Box 30437 00100
NAIROBI
CFCStanbic Bank
Kimathi Street
P O Box 72833 00200
NAIROBI