Custodian registration certificate validity continues unless suspended or cancelled, replacing the earlier fixed-term framework for registered custodians. Custodian registration certificates granted under regulation 8(3) of the Securities and Exchange Board of India (Custodian) Regulations, 1996 remain valid ... Summary
Custodian registration certificate validity continues unless suspended or cancelled, replacing the earlier fixed-term framework for registered custodians.
Custodian registration certificates granted under regulation 8(3) of the Securities and Exchange Board of India (Custodian) Regulations, 1996 remain valid unless suspended or cancelled by the Securities and Exchange Board of India. The current provision does not prescribe a fixed three-year validity period. Under the framework replaced on 22 March 2019, certificates granted on or after commencement of the Securities and Exchange Board of India (Custodian) (Second Amendment) Regulations, 2006 were valid for three years from registration or renewal. Certificates granted before commencement were valid for three years from that commencement or renewal.
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