A Custodian is basically an organization, which helps register and safeguard the securities of its clients.
Besides safeguarding securities, a custodian also keeps track of corporate actions on behalf of its clients.
• Maintaining a client’s securities account
• Collecting the benefits or rights accruing to the client in respect of securities
Keeping the client informed of the actions taken or to be taken by the issue of securities, having a bearing on the benefits or rights accruing to the client.
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