DP in India has various records to maintain and report periodically to main depository of country on designed time frame in order to meet the regulatory compliance to sustain the registration in perpetuity.
Depository participant are member under main depository of country. In India, there are two depositories i.e. Central Depository and National Depository. It generally provides its associate as Depository participant. Around 624 and 271 entity are there as Depository Participant for CDSL and NSDL.